Arctic Paper S.A. Q1 2020: Strong Q1 prepare the Group for tougher times

  • Q1 consolidated sales revenue was PLN 813,9mn (EUR1 188,2mn).
  • EBITDA Q1 was PLN 111,8mn (EUR1 25,9mn).
  • EBIT Q1 was PLN 79,7mn (EUR1 18,4mn) and net profit PLN 62,3mn (EUR1 14,4mn).
  • A combination of strong paper and stable pulp boosted Q1 results.
  • At the end of the period there is a decline in demand due to Covid-19.
  • Measures taken to mitigate negative effects: short -term allowance for Grycksbo and Munkedal.
  • The board has decided not to recommend dividend for 2019.

“After a solid fourth quarter 2019 and a robust beginning of this year, the Group stands strongand is better equipped to meet the significant increase in uncertainty.”
Michał Jarczyński, CEO (see letter from the CEO on page 2 in the press release)

Download press release

Thursday, 14 May, 2020