ARCTIC PAPER GROUP SIGNIFICANTLY IMPROVES FINANCIAL RESULTS IN 2014
The Arctic Paper Group generated significantly sounder financial results for 2014 than in the previous year. EBITDA was PLN 238.5m (growth of over 227%), operating profit exceeded PLN 116.6m (compared to a loss of PLN 151.6m the year before), and net profit was PLN 78.2m (compared to a loss of PLN 152.2m in 2013). Sales revenues in 2014 were PLN 3.1bn, similar to the amount in 2013.
The good financial results of 2014 were generated thanks to the introduction of reorganization measures and organizational efficiencies during the previous year. The results for 2014 were also influenced by favourable external factors such as pulp prices and currency exchange rates. The beginning of 2015 has proven that the volatility of the European currencies is a factor to be more aware of.
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Monday, 23 Mar, 2015