Market: Printing & Writing Papers
October 20, 2017
In the first half of the year after the purchase of Papyrus France and the sale of Inapa Switzerland, which led to an increase in turnover and market share, the results showed a steady progression, validating the strategy defined by Inapa Group.
Management indicators show a positive evolution, both in terms of the margin generated and in terms of operational efficiency, with the ratio of total costs over sales falling from 15.4% to 14.8%.
In addition to the growth in paper distribution, Inapa also recorded a strong growth in the areas of packaging (17%) and visual communication (16%).
This performance translates into an overall increase of the revenue of 7% and an increase in recurring EBITDA of 27%, while continuing the net debt reduction, standing Euro 9 million below June 2016.
Inapa reported net income of Euro 0.5 million in 1H 2017
“The results achieved in the first half of this year show that we took the right strategic decisions in 2016,” says Diogo Rezende, CEO of Inapa. “There is still a lot of potential for generating value at Inapa France, once we have completed the merger of operations on 30th of June. Inapa France is now leader in this important market,” states the CEO.
Inapa is a Portugal-based paper merchant.