Iberpapel reports net profit of €17.4 million
Iberpapel’s net profit amounted to €17.4 million in 2012. EBITDA, meanwhile, was
€33.05 million.
Revenue from sales rose 1.04% year-on-year to €216.13 million. Group revenue totalled
€221.18 million.
Iberpapel continued to reinforce its financial structure. The ratio of net cash to equity
had improved to – 11.24% at year-end. Cash and cash equivalents stood at €27 million
at 31 December 2012, up from €14 million at year-end 2011.
At a meeting held on 27 February 2013, the Board of Directors of Iberpapel agreed to
propose the partial distribution of the share premium account to shareholders, in the
amount of €0.25 per share, for approval at the next Annual General Meeting. Adding
this final dividend to the €0.25 per share interim dividend paid out on 18 February 2013
implies total shareholder remuneration in 2013 of €0.50 per share.
In turn, this implies a dividend yield of 3.82% with respect to the closing share price of
31 December 2012 (€13.10).
| (€ million) | 2012 | 2011 |
| Revenue | 216.13 | 213.91 |
| EBITDA | 33.05 | 40.84 |
| Profit after tax | 17.4 | 22.87 |
Press release