Arctic Paper Group swings to Q4 profit of 54.7M Polish zloty from year-ago loss of 14.8M zloty, on sales up 33% to 953.5M zloty; APG gained from printers shifting sourcing to Eastern Europe from China for logistical reasons, was challenged by rising costs

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KOSTRZYN NAD ODRA, Poland , February 22, 2022 (press release) –

Arctic Paper S.A. Q4, 2021 - preliminary results*:

Strong result and positive outlook for both pulp and paper

  • Q4 sales revenue amounted to PLN 953,5mn (EUR1 208,8mn).
  • EBITDA Q4 was PLN 69,2mn (EUR1 15,2mn) and the EBITDA marginal 7,3 percent
  • FY 2021 sales revenue amounted to PLN 3412,6mn (EUR1 747,2mn).
  • EBITDA FY 2021 was PLN 327,8mn (EUR1 71,8mn) and the EBITDA margin 9,6 percent
  • Record-strong demand for paper; active measures to optimise income per machine hour.
  • Preparation for the construction of a 17 MW solar power plant in Kostrzyn has begun.
  • New Managing Director of Arctic Paper’s paper production in Sweden appointed.
  • After the period: decision to invest in moulded tray factory together with Rottneros.
  • Management Board will recommend a dividend of PLN 0.40 per share.

*The entire audited report FY2021 will be published on March 22.

“Solid results, a strong cash flow and nearly full production in graphical paper and pulp give us a resilient foundation as we continue to diversify and invest in packaging and renewable energy .” Michal JarczyƄski, CEO (see letter from the CEO on page 2)

[EDITOR'S NOTE: Full report can be access as a PDF below.]

 

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