Corporate Profile

Inapa Group has come a long way since it was established, in 1965, as the first large-scale Portuguese paper mill.

At this moment, Inapa is a significantly different company compared to the one that was founded 55 years ago being fully prepared to meet the challenges of the market and expectations of the clients. The business focus and strategy have changed over the years and our geographic boundaries have expanded, positioning Inapa as a European leading Group in Paper, Packaging and Visual Communication.

Today, we are 1,709 employees serving, in 10 countries, more than 80 thousand clients, with our eyes set in the next 50 years!

We grew in volume and sales, improved our operational results and net profit and reduced the debt. In the strategic plan Inapa strengthened the partnership with key suppliers, completed the reorganization of the packaging business, performed the repositioning plan of our operation in Turkey, which justifies the achievement of the objectives set at the time of investment, and consolidated our operations in Angola.

5,000

daily product deliveries

40

warehouses and logistic platforms in Europe

80,000

clients in ten countries

International Presence

International Presence

Our Strategy

Our Strategy

MILLION EUROS2019201820172016Var. 19/18
Tonnes ('000)88773581377120,8%
Sales1.030,8860,3885,7849,819,8%
Gross margin178,4151,9161,7151,517,4%
    Gross margin (%)17,3%17,7%18,3%17,8%-0,4 pp
Net Operational costs148,6131,9136,6127,512,6%
    Operational Income24,822,921,025,28,3%
    Operational Costs173,4154,9157,5152,812,0%
Impairment of current assets1,51,52,52,0-1,4%
Re-EBITDA28,318,422,622,053,3%
    Re-EBITDA (%)2,7%2,1%2,6%2,6%0,6 pp
Non recurrent costs1,62,03,3-4,9-23,4%
EBITDA26,716,519,326,961,9%
    EBITDA (%)2,6%1,9%2,2%3,2%0,7 pp
EBIT10,810,613,721,31,5%
    EBIT (%)1,0%1,2%1,5%2,5%-0,2 pp
Net Financial results15,714,313,214,29,7%
EBT-4,9-3,70,37,1-1,2
Taxes on Profits0,80,10,0-2,80,7
Net income-4,1-3,60,24,4-0,5
31-12-1931-12-1831-12-1731-12-16Var. 19/18
Net debt 1337,3272,2296,4290,723,9%
Interest coverage1,8 x1,3 x1,7 x1,5 x0,5 x
Working capital87,697,0119,6126,6-9,7%

1 Includes securitization.

Inapa presents an alternative table to the Financial Statements with the main activity indicators approaching the business evolution analysis to the one used by the management, being also aligned with what is practiced by the different market players.

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Holding Structure

Holding Structure

Management Team

Management Team

Our Business

Our Business