ARCTIC PAPER GROUP IN 1H 2015: FIRM ACTIONS FOR TOUGH MARKET SITUATION

In the 1st half of 2015 the financial results from continued operations generated by the Arctic Paper Group were better than those from a year before. However, according to Wolfgang Lübbert, Arctic Paper CEO, “The results of our paper business are far from being satisfactory.” EBITDA was PLN 116.9m (growth of 14% compared to 1H 2014), operating profit was over PLN 62.8m (up 35.8% in comparison to 1H 2014), and net profit was PLN 51.9m (an increase of 114.6%). Sales revenues amounted to over PLN 1,459m, which is a 1.6% increase year-on-year. The figures include the contribution of Rottneros (the majority of Rottneros was acquired by Arctic Paper Group in 2013), which posted very good financial results for the period.

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Friday, 28 Aug, 2015