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Bio Pappel reports 57 per cent increase in net sales

Published by
Simon Matthis - 17 Mar 2016

Bio Pappel's 4Q 2015 net sales increased 57% from $2,987 to $4,690 million pesos. As a result of the above, the company recorded an EBITDA of $634 million pesos representing a 51% growth when compared with $420 million pesos in the 4Q 2014. EBITDA margin for the quarter reached 13.5%.

In 2015 results, the shipments increased 19%, from 1.224 to 1.450 million metric tons. FY 2015 net sales increased 38% from $12,299 to $16,974 million pesos, due to this Bio Pappel reached $2,502 million pesos on EBITDA, showing a 30% growth when compared against $1,920 million pesos accumulated in the same period of 2014. EBITDA margin in 2015 was 14.7%.

Bio Pappel is the integrated producer of containerboard, white paper, newsprint, corrugated boxes, bond paper for copying and printing, notebooks, paper sacks and other specialties.