Mar 05, 2015. /Lesprom Network/. Grupo Iberpapel's net profit amounted to Euro 9.1 million in 2014, marking growth of 25.27% from 2013, despite the adverse impact of the recently passed electricity sector reforms. EBITDA, meanwhile, was Euro 26.2 million, up 19.97% from 2013, as the company said in the press release received by Lesprom Network. Revenue from sales declined 4.59% year-on-year to Euro 200.1 million. The topline contraction was driven by a 29.02% decline in revenue from electricity sales. The improvement in Grupo Iberpapel's profitability is attributable to the notably streamlined cost structure and significant growth in pulp (+12%) and paper (+8%) production.Iberpapel is a paper group. It is one of the main players in the printing and writing paper market in Spain.
Grupo Iberpapel's net profit amounted to Euro 9.1 million in 2014, marking growth of 25.27% from 2013, despite the adverse impact of the recently passed electricity sector reforms. EBITDA, meanwhile, was Euro 26.2 million, up 19.97% from 2013.
