The Board of Directors of the Europac Group (Papeles y Cartones de Europa, SA) has approved the results for the 3Q 2016. Europac posted a net profit of Euro 32 million between January and September, which represents a 53.1% rise on Euro 20.9 million posted in the same period of 2015, as the company said in the press release received by Lesprom Network.
Moreover, against a backdrop of stable consolidated sales, the EBITDA for the period between January and September rose to 89.9 million euros, representing a 10.2% rise on the 81.5 million posted a year ago.
Accordingly, the EBITDA margin increase is noteworthy, standing at 14.9%, 1.4 percentage points above the 13.5% posted at the end of the 3Q 2015. Lastly, the EBIT grew by 18.5% to stand at Euro 53.9 million.
José Miguel Isidro, chief executive of the Europac Group, said: “The company's good results are due to structural improvements as a result of internal management projects of a commercial and operational nature. We have been able to reduce our exposure to the general environment and depend more on ourselves, enabling us to offer the market and our shareholders greater certainty in terms of meeting the strategic goals we have set”.
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.
