Iberpapel Gestión S A : posts revenue of €48.5 million and positive trends in spite of Covid-19
April 29, 2021 at 06:16 pm IST
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Press release / 1Q21 results
Iberpapel posts revenue of €48.5 million and positive
trends in spite of Covid-19
Madrid, 28 April 2021
Despite the health and socio-economic situation that continued to dominate the first three months of the year, Grupo Iberpapel recognised first-quarter revenue of €48.47 million, down just 2.9% from 1Q20, which was yet to be significantly affected by the Covid-19 crisis. EBITDA amounted to €5.8 million, down 13.9% year-on-year, while net profit was €2.33 million, down 29.8%.
The year-on-year comparison, with a period yet to be significantly impacted by Covid- 19, reveals a positive performance, despite the difficulties caused by the last wave of the pandemic and the economic downturn it has produced. It is worth noting the growth in sales volumes, which has not translated into an increase in revenue due to the reduction in average paper prices. There are, however, signs of a recovery in prices. Revenue in the energy business declined by 4% on the back of lower output, while revenue from timber sales doubled to €1 million.
Iberpapel Gestion SA published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 12:45:04 UTC.
Iberpapel Gestion SA is a Spain-based holding company engaged in the paper industry. The Company operates through three divisions: Forestry, involved in the acquisition and cultivation of eucalyptus plantations in Argentina, Uruguay and Spain; Industrial, focused on the production of bleached pulp and paper products, and Commercial, specialized on the distribution of products such as printing and photocopy paper, offset paper, light-coated paper, laser printing paper, paper bags and envelopes. The Companyâs subsidiaries include Distribuidora Papelera SA, Moliner Dominguez y Cia SA, Ibereucaliptos SA, Papelera Guipuzcoana de Zicunaga SA, Central de Suministros de Artes Graficas Papel SA and Copaimex SA, among others. The Companyâs major shareholders include ONCHENA, SL and BESTINVER GESTION, SA.
IBERPAPEL GESTIÓN, S.A. 
