For the 2Q 2018, which typically is the weakest quarter, Artic Paper Group increased its turnover to PLN 792,4 million (Euro 1 187,8 million), compared to PLN 703,1 million in Q2 2017, and reached an EBITDA of PLN 66,8 million (Euro 15,8 million), as the company said in the press release received by Lesprom Network.

“The price increases we have implemented have not yet fully compensated for the rising pulp cost and we are working hard to defend our margins,” Per Skoglund, CEO said.

For the 2Q, production amounted to 160,000 tonnes, equal to last year. During the period we have advanced the implementation of the new strategy – A Future in Paper. “During the period we have advanced the implementation of the new strategy – A Future in Paper. Our efforts are already showing progress: one example is the continued growth of speciality products with a higher revenue per tonne,” Per Skoglund, CEO of Arctic Paper S.A. said.

Arctic Paper S.A. is one of the leading producers of high-quality graphical fine paper in Europe. Most of the products are sold through the company’s 14 sales offices in Europe.