ARCTIC PAPER GROUP IN 1ST HALF OF 2014

FINANCIAL RESULTS CONTINUE TO SHOW PROFITABILITY AND POSITIVE DIRECTION

The financial results of Arctic Paper Group for the 2nd quarter of 2014 kept the profitable pace of the first quarter. Thereby the first half of 2014 ended considerably better than the same period of 2013. The Group’s EBITDA of PLN 101,2 m was an increase of PLN 65,5 m (over 183%) compared to first half of 2013. The Group’s net result of PLN 22,4 m compares to a loss in 2013 of PLN - 97,9 m (partly due to a write-down in first half-year of 2013). Sales revenues in the 1st half of 2014 decreased slightly (by 1,7%) reaching PLN 1.558,4 m.

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Monday, 1 Sep, 2014