ARCTIC PAPER GROUP IN Q1 2017: SATISFYING RESULTS IN THE PAPER SEGMENT
In Q1 2017 the Arctic Paper Group generated sales revenue of PLN 773.9m. EBITDA was PLN 75.5m (an increase of 6.8% compared to Q1 2016), and operating profit exceeded PLN 44.1m (up 6.6%). The Group’s net profit on continuing operations* grew by 42% in Q1 2017, to PLN 35.1m.
The good results achieved by Arctic Paper in the paper segment should be stressed. The Group generated solid sales volumes, translating into an increased market share. Combined with the effects of the Profit Improvement Program 2015/2016, this led to achievement of robust operating results in this segment in Q1 2017. In the end of Q1 substantial pulp price increases were observed, impacting the financial results in the last month of the quarter.
Tuesday, 16 May, 2017