{"id":20912,"date":"2024-02-29T20:23:41","date_gmt":"2024-02-29T19:23:41","guid":{"rendered":"https:\/\/www.iberpapel.es\/en\/?p=20912"},"modified":"2024-02-29T20:25:19","modified_gmt":"2024-02-29T19:25:19","slug":"iberpapel-reports-a-profit-of-e47-13-million-despite-market-instability","status":"publish","type":"post","link":"https:\/\/www.iberpapel.es\/en\/iberpapel-reports-a-profit-of-e47-13-million-despite-market-instability\/","title":{"rendered":"Iberpapel reports a profit of \u20ac47.13 million, up 197.58% from 2022, despite market instability"},"content":{"rendered":"

Excluding the gain on the sale of forest assets in Uruguay, net profit amounts to \u20ac26.15 million.<\/p>\n

<\/p>\n

Iberpapel reported a profit of \u20ac47.13 million in 2023, growth of 197.58% from 2022. That figure includes the gain on the sale of forest assets in Uruguay in 2023 of \u20ac20.98 million. Eliminating that non-recurring item, net profit amounted to \u20ac26.15 million, growth of 65.12% from 2022, despite the fact that demand slowed considerably in Europe due to high inventory levels, which forced the industry to slow production in general.<\/p>\n

In addition, the gas CHP plant had to be idled temporarily due to a lack of profitability in a tremendously volatile market.<\/p>\n

Against that backdrop, Iberpapel successfully defended its paper sales prices, so that EBITDA increased by 43.35% in 2023 to \u20ac43.29 million.<\/p>\n

Revenue amounted to \u20ac250.76 million, down 15% from 2022, due to the drop in revenue from both paper (21.84%) and electricity sales (9.34%).<\/p>\n

In September 2023, Iberpapel closed the sale of its forest assets (land and cover) in Uruguay for \u20ac52.23 million, generating a total net gain of \u20ac25.89 million, of which \u20ac4.91 million was recognised in 2022 as an increase in the value of the related assets.<\/p>\n

The Iberpapel Group invested \u20ac113 million between 2019 and 2023.<\/p>\n\n\n\n\n\n\n
(\u20ac million)<\/em><\/td>\n2023<\/td>\n2022<\/td>\n<\/tr>\n
Revenue<\/td>\n250.76<\/td>\n295.02<\/td>\n<\/tr>\n
EBITDA<\/td>\n43.29<\/td>\n30.18<\/td>\n<\/tr>\n
Profit after tax<\/td>\n47.13<\/td>\n15.84<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Related documents<\/h3>\n
\n

\"PressPress release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Excluding the gain on the sale of forest assets in Uruguay, net profit amounts to \u20ac26.15 million.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20912","post","type-post","status-publish","format-standard","hentry","category-press-release"],"_links":{"self":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/20912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/comments?post=20912"}],"version-history":[{"count":0,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/20912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/media?parent=20912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/categories?post=20912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/tags?post=20912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}