Grupo Iberpapel's net profit amounted to Euro 20.1 million in 2016, growth of 24.8% from 2015 (Euro 16.11 million). EBITDA, meanwhile, was 13% higher year-on-year at Euro 35.59 million (2015: Euro 31.51 million). Revenue from sales narrowed 7.5% year-on-year to Euro 201.89 million (from Euro 218.24 million in 2015).
These strong earnings at the consolidated level were underpinned by a clear-cut improvement in the cost structure and in pulp mill efficiency, which more than offset the topline contraction driven by market difficulties.
Iberpapel is one of the main players in the printing and writing paper market in Spain.
