Grupo Iberpapel's net profit amounted to Euro 22.91 million in 2017, growth of 13.93% from 2016 (Euro 20.10 million). EBITDA, meanwhile, was 3.67% higher year-on-year at Euro 36.91 million (2016: Euro 35.60 million), as the company said in the press release received by Lesprom Network.
Consolidated sales revenue was 7.51% higher year-on-year at Euro 217.05 million (Euro 201.89 million in 2016). These results were enabled by growth of 6.02% in revenue from paper sales, in turn driven by higher sales volumes, and, to a lesser extent, the slight growth (1.5%) in the average sales price.
Iberpapel is a vertically-integrated paper group. It is one of the leading players in the printing and writing paper segment in Spain.