ARCTIC PAPER GROUP IN 2016: VERY GOOD RESULTS IN THE PAPER SEGMENT AND SIGNIFICANT IMPROVEMENT IN FINANCIAL SITUATION
In 2016 the Arctic Paper Group generated sales revenue of PLN 2.97bn, 2.3% higher than the year before. EBITDA was over PLN 249.6m (growth of 17.4% from 2015), and operating profit on continuing operations* exceeded PLN 125 million (up 24.7%).
The excellent results achieved by Arctic Paper in the paper segment should be stressed. The Group produced solid sales volume, translating into increased market share. Also an increase in revenue was generated and this despite the continued difficult market situation. Combined with the results of the Profit Improvement Program 2015/2016 and favourable prices of short-fibre pulp, this translated into achievement of very good operating results in this segment.
Monday, 20 Mar, 2017