In 2016 consolidated sales of Inapa Group reached Euro 849.8 million, a decrease of 3.6% compared to the same period of 2015. This progression is mainly due to the evolution of paper business sales, which showed a decrease of 4.1% (an evolution less penalizing than the markets where Inapa operates), partially compensated by the growth in the packaging and visual communication businesses.
As a result of the decrease in sales and margin pressure, whose impacts were partially reversed by the decrease in operating costs and provisions, recurring EBITDA amounted to Euro 22 million, representing 2.6% of sales, in line with previous year.
Operational results (EBIT) were Euro 14.8 million, down Euro 2.2 million, compared to 2015, standing at around 1.7% of sales.
Consolidated results before taxes were Euro 0.5 million, which compares with Euro 1.7 million, a decrease of Euro 1.2 million compared to 2015.
Net income of 2016 was negative by Euro 2.2 million. Income tax amounted to Euro 2.8 million, of which approximately Euro 1.8 million relates to current taxes and Euro 1 million relates to deferred taxes concerning the recognition of tax loss carry forwards of its subsidiary in Switzerland.
Inapa is a Portugal-based paper merchant.
