Inapa reports 7% growth in revenue
| 29 September, 2017
Paper merchant Inapa reported that In the first half of the year after the purchase of Papyrus France and the sale of Inapa Switzerland, it achieved an increase in turnover and market share.
In addition to the growth in paper distribution, Inapa also recorded a strong growth in the areas of packaging (17%) and visual communication (16%).
This performance translates into an overall increase of the revenue of 7% and an increase in recurring EBITDA of 27%, while continuing the net debt reduction, standing € 9 million below June 2016.
“The results achieved in the first half of this year show that we took the right strategic decisions in 2016,” says Diogo Rezende, CEO of Inapa. “There is still a lot of potential for generating value at Inapa France, once we have completed the merger of operations on 30th of June. Inapa France is now leader in this important market “, states the CEO.