8 April 2005 – Lisbon (POR): Lisbon-based paper merchant Inapa Group has reported a net profit of over €4 million ($5.14 million) for 2004, up from €1 million in 2003, thanks in part to the acquisition of Switzerland-based Baumgartner Papier.
Net consolidated sales for the year came in at over €1 billion, 0.8 per cent above 2003’s figures. The volume sold was 8 per cent higher than the previous year, the company said.
Inapa is present in nine European countries including Portugal, Germany, France, Switzerland, Spain, UK, Belgium and Luxembourg.
The group hopes to receive a further boost in demand from the anticipated economic recovery over coming years, which it expects will reverse the price trends that have afflicted the paper supply chain in Europe over the last four.