In the 1st half of 2017 the Arctic Paper Group's sales revenue (including results of Rottneros AB) down 1.5% year-over-year to PLN 1.48 billion ($411 million). EBITDA was PLN 140 million ($39 million), an increase of 4.2% compared to the 1H 2016; and operating profit was PLN 77.1 million ($21.4 million) up 2.8%, as the company said in the press release received by Lesprom Network.
The Group’s net profit on continuing operations in the 1st half of 2017 grew by 36.1% to PLN 49.9 million ($14 million).
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.
Arctic Paper S.A. is one of the leading manufacturers of high-quality graphical fine paper in Europe. The company produces coated and uncoated wood-free paper for demanding clients such as printers, book publishers, newspaper publishers, advertising agencies, paper distributors and packaging producers.
