Earnings momentum was positive at Iberpapel in the first half of 2021: revenue amounted to Euro 106.42 million, up 21.6% year-on-year.
EBITDA came to Euro 14.30 million and net profit reached Euro 7.10 million, up 67% from the full-year 2020 profit of Euro 4.24 million.
The earnings analysis evidences momentum in Iberpapel’s business in the first six months of the year, particularly in the 2Q, when the trends were very positive. It is worth highlighting the growth in sales volumes - 27% year-on-year and growth of 4% compared to 2019 and 2018 - which, coupled with the recovery in sales prices in the latter part of the first half, albeit still considerably below 2020 levels, drove growth in revenue from paper sales of 18% to Euro 84.6 million.
Iberpapel is a vertically-integrated paper group. It is one of the leading players in the printing and writing paper segment in Spain.
