In an economic environment of some recovery in Europe, consolidated Inapa sales grew by 5.3% until June 2014 over the same period of 2013, reaching Euro 466.3 million. Until June 2014, the consolidated net income increased by 195% to Euro 1.5 million, which compares with Euro 0.5 million in 2013.

Inapa reports 195% net income increase in 1H 2014

10:36 / September 2, 2014

Sep 02, 2014. /Lesprom Network/. In an economic environment of some recovery in Europe, consolidated Inapa sales grew by 5.3% until June 2014 over the same period of 2013, reaching Euro 466.3 million. Contributing to this positive trend was the 9.1% growth in volumes, the 4.2% growth of paper sales, the higher growth of 12.8% of complementary businesses and the effect of the recent acquisitions. In a pro-forma basis, paper business maintained its turnover – despite the negative evolution – and complementary business grew 2.7%, as the company said in the press release received by Lesprom Network.

Complementary business continue to record the positive trend, with a growth of 26.3% in packaging and 7.1% in the visual communication business.

Until June, the re-EBITDA was Euro 14.1 million, representing 3% of sales, an increase of 20.8% (Euro 2.4 million), supported by the paper and complementary business sales increase, the strict control of operating costs and on continuous credit risk management.

Operational results (EBIT) increased 24.5% to Euro 10.6 million, representing 2.3% of sales.

Until June 2014, the consolidated net income increased by 195% to Euro 1.5 million, which compares with Euro 0.5 million in 2013.

Lesprom Network

Inapa reports 195% net income increase in 1H 2014

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