Arctic Paper reported 26.8% increase of EBITDA amid 2.5% decrease of sales revenue in 1Q2016 y-o-y (excluding results of Rottneros AB). According to the announcement, the company’s revenues accounted for PLN 575.1 million (around USD 150 million), generating EBITDA of PLN 39.1 million (6.8% margin).
Per Skoglund, acting CEO of Arctic Paper S.A., commented:
“During the first quarter of 2017 the massive improvements of 2015/16 continued to prove their effectiveness. The good results of the period are solid proof of this, and combined with the new management structure this ensures that we are on the right track. The result was influenced by a number of factors, not least the volume of tonnes sold and our improved cost structure.”
In 4Q2016 Arctic Paper more than doubled EBITDA.
Earlier Arctic Paper made changes to the management board.
About Arctic Paper:
The company is the second-largest European producer of bulky book paper in terms of production volume, offering the largest product assortment in this segment, and one of Europe’s leading producers of fine graphic paper. It produces numerous types of uncoated and coated wood-free paper, as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses and the advertising industry.