ARCTIC PAPER GROUP IN Q3 2016: EXCELLENT RESULTS IN THE PAPER SEGMENT AND STABLE FINANCIAL CONDITION
The financial results of the Arctic Paper Group in Q3 2016 were decisively better than those generated in the same period of the prior year. Revenues rose by 4.0% (to nearly PLN 760m), EBITDA by 9.1% (to PLN 76.9m), and net profit on continuing operations by 43.1% (to PLN 32.5m).
The excellent results achieved in the paper segment should be stressed. Despite the continuing difficult market environment, an increase in sales volumes was achieved. This, combined with the results of the Profit Improvement Program 2015/2016 and favourable prices of short-fibre pulp, translated into achievement of very good operating results in this segment.
Thursday, 10 Nov, 2016