In 2017, Bio PAPPEL’s sales increased 9.3%, reaching Ps. $23,902 million ($1.3 billion), compared to Ps. $21,862 million ($1.2 billion) in 2016, as the company said in the press release received by Lesprom Network.
In the 4Q 2017, sales increased 9.3% to Ps $6,069 million ($330 million), compared to Ps $5,554 million pesos ($302 million) the previous year, mainly due to its strategy of import substitution, improvement in mix product and sale of higher value-added products.
In 2017, an EBITDA of $3,557 million pesos ($194 million) was generated, compared to $3,756 million pesos ($204 million) in 2016.
In the 4Q 2017, an EBITDA of $855 million pesos ($46.5 million) was obtained, less than $891 million pesos ($48.5 million) reported the previous year.
Miguel Rincón Arredondo, President and CEO said: "Despite a difficult environment in the costs of raw materials and energy, the company continued to strengthen its operational, financial and market fundamentals. Looking forward, the outlook is positive for the coming years due to strong economic growth in the U.S.A. and for the discipline and solid fundamentals in the supply and demand structure of the paper industry. "
Bio PAPPEL is the integrated producer of containerboard, uncoated free sheet, newsprint, corrugated boxes, cut size paper, notebooks, paper sacks, and other paper specialties.
