ARCTIC PAPER GROUP IN Q3 2015: EBITDA AND OPERATING PROFIT SIGNIFICANTLY HIGHER THAN IN Q2 2015 IN SPITE OF UNCHANGED TOUGH MARKET CHALLENGES

In the 3rd quarter of 2015 the financial results generated by the Arctic Paper Group from continued operations* were influenced by unchanged market challenges. EBITDA was PLN 70.5m (down 19.2% compared to Q3 2014), operating profit was slightly over PLN 43m (27.2% less than in Q3 2014), and net profit from continued operations was over PLN 22.7m (down 43.2% from the same period of 2014). Sales revenues were PLN 730.7m, that is at a similar level year-on-year.

The 3rd quarter results on EBITDA and operating profit level were significantly above those achieved in Q2 2015: EBITDA grew by 81.1% and operating profit by 262,7%, while revenues increased by 6.2% quarter-on-quarter. The cumulative year-to-date net result from continued operations was by 16.3% higher than achieved in the first three quarters of 2014. EBITDA was down 1.3% and operating profit slightly increased (by 0.5%) year on year. Revenues were by 1.2% higher in comparison to the first three quarters of last year.

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Friday, 13 Nov, 2015