The EBITDA also experienced a significant increase on reaching Euro 30.1 million between January and March of this year, 23.8% more than in the 1Q 2015.
José Miguel Isidro, Executive President of Europac Group, particularly noted that "the management improvements, which have enabled us to obtain significantly better results confirm the positive trend of the past few quarters".
Finally, José Miguel Isidro pointed out that "2016 will be the first full year in which the company will benefit from the financing conditions contained in the new syndicated loan signed in July 2015".
The Europac Group (Papeles y Cartones de Europa, SA) is an integrated operator with activities in all areas of the paper and packaging industry value chain, from end-to-end waste management and forestry operations for the procurement of the raw materials necessary for the production of recycled paper and kraftliner at the Group’s plants in Spain, France and Portugal, to the manufacture of cardboard sheets and boxes as end products.
