GOOD FINANCIAL RESULTS ACHIEVED BY ARCTIC PAPER GROUP IN 1ST HALF OF 2017
In the 1st half of 2017 the Arctic Paper Group generated sales revenue of PLN 1.48bn. EBITDA was PLN 140m (an increase of 4.2% compared to H1 2016) and operating profit was PLN 77.1m (up 2.8%). The Group’s net profit on continuing operations in the 1st half of 2017 grew by 36.1% y/y, to PLN 49.9m.
Arctic Paper in the paper segment delivered good results although pulp prices continued to increase. This was due in part to the effects of an improved cost and financing structure, increasing the Group’s operating flexibility and competitiveness. A vital role in generating good results in the paper segment was also played by expansion of the product line and an appropriate product mix in this segment.
Monday, 28 Aug, 2017