Arctic Paper

The Management Board of Arctic Paper S.A. announced that on November 15, 2024, it was informed about public aid granted to its subsidiary, Arctic Paper Kostrzyn S.A., for offsetting the costs of purchasing emission allowances. This aid, amounting to PLN 31.2 million, is intended for electricity costs in energy-intensive production sectors for the year 2023. The company expects this compensation to significantly impact Arctic Paper Kostrzyn S.A.'s financial results in the fourth quarter of 2024. The disclosure is made under the Market Abuse Regulation, and further details are available from Michał Jarczyński, President of the Management Board. This information was published on November 15, 2024, in connection with Arctic Paper's report to the Warsaw Stock Exchange.

Arctic Paper S.A. har förvärvat en solpark med en kapacitet på 4 MW nära Warszawa, Polen. Detta köp markerar en förändring i företagets strategi, då de tidigare enbart byggt solparker på egna fastigheter. Efter detta förvärv uppgår Arctic Papers totala installerade solkraftskapacitet till 23 MW, fördelat på fyra anläggningar i Sverige och Polen. Den producerade energin i Garwolin kommer att säljas utanför Arctic-koncernen. Säljaren av solparken är det polska företaget Coral J.W. Perkowski. Arctic Paper är en europeisk producent av grafiskt finpapper, bio-baserade förpackningslösningar, träfiber av hög kvalitet och energi med en allt större andel icke-fossilt ursprung. Företaget är noterat på börserna i Warszawa och Stockholm.

Arctic Paper S.A. announced that its subsidiary, Arctic Power Sp. z o.o., has entered into a purchase agreement with Coral W. Perkowski, J. Perkowski sp.k. for the acquisition of a photovoltaic installation in Garwolin, Masovian Voivodeship, with a capacity of up to 4 MW. The rights to the installation will be transferred once a distribution services agreement is concluded with the relevant operator. The purchase price is less than 10% of Arctic Paper's equity and is based on market terms. This acquisition aligns with the company's 4P Strategy to enhance its energy segment and support emission neutrality goals. The installation's energy, estimated at 4,000 MWh annually, will be sold to external customers. This information was disclosed under the Market Abuse Regulation and published on November 13, 2024, in connection with Arctic Paper's report to the Warsaw Stock Exchange.

Arctic Paper rapporterade en minskning i försäljningsintäkter och vinst för tredje kvartalet 2024 jämfört med samma period förra året, med intäkter på 819,3 miljoner PLN och en nettoresultat på 36,6 miljoner PLN. Trots den ekonomiska nedgången i Europa och lägre efterfrågan, har företagets finansiella ställning förblivit stark med en låg nettoskuld/EBITDA-kvot. Arctic Paper fokuserar på att balansera kapacitetsutnyttjande och marginaler, och har startat en utbyggnad av en solcellsanläggning i Kostrzyn. Företaget fortsätter att diversifiera sin verksamhet med investeringar i förnybar energi och förpackningslösningar.

In the third quarter of 2024, Arctic Paper reported consolidated sales revenue of PLN 819.3 million and an EBITDA of PLN 77.3 million. The company's EBIT was PLN 47.5 million, with a net profit of PLN 36.6 million. The group focused on balancing capacity usage and margins. During the quarter, Arctic Paper began a 9.6 MW expansion of its PV farm in Kostrzyn. The company's net debt was PLN -27.5 million, with a net debt/EBITDA ratio of -0.08. The CEO, Michal Jarczyński, noted that the recovery in key markets might take time, and the current market situation is expected to persist throughout the year. The paper segment saw reduced demand due to economic downturns in Germany and Poland, resulting in lower revenue and EBITDA. The pulp segment, Rottneros, showed stable revenue and results despite rising raw material costs. The company is investing in energy and packaging, including a new molded fiber tray production in Kostrzyn and a PV farm expansion. Arctic Paper aims to diversify its business with a focus on sustainable energy and higher-margin segments.

The Management Board of Arctic Paper S.A. has released the consolidated quarterly report for the Arctic Paper SA Capital Group for the third quarter of 2024. The report includes selected consolidated financial data and standalone financial data. Income and cash flow statement items are converted using the arithmetic mean of average exchange rates announced by the NBP during the reporting period, while balance sheet items and book value per share are converted using the average exchange rate announced by the NBP on the balance sheet date. An attachment, 11063347.pdf, is included with the report.

Arctic Paper S.A. kommer att presentera sina siffror för det tredje kvartalet 2024 den 12 november klockan 13.00 via Finwire. Presentationen kommer att ledas av företagets VD Michal Jarczyński och CFO Katarzyna Wojtkowiak. Det kommer att finnas tid för frågor klockan 13.20. För mer information kan man kontakta HR-chefen Mats Frostne via e-post. En länk till presentationen finns tillgänglig.

The Management Board of Arctic Paper S.A. announced that the subsidiary Rottneros AB, listed on NASDAQ Stockholm, released its interim 3Q 2024 report on October 23, 2024. The report shows revenues of 2,084 million SEK, EBITDA of 169 million SEK, and a net result of 48 million SEK. In PLN, these figures are 787 million in revenues, 64 million in EBITDA, and an 18 million net result. These results are expected to significantly impact the consolidated interim 3Q 2024 results of the Arctic Paper Group. The disclosure is made under Article 17 Section 1 of the EU Market Abuse Regulation and was published on October 23, 2024, at 8:05 am CET, related to Arctic Paper’s report to the Warsaw Stock Exchange. Further information can be obtained from Michał Jarczyński, President of the Management Board of Arctic Paper.

Arctic Paper S.A. reported its Q2 2024 financial results, highlighting consolidated sales revenue of PLN 839.2 million and adjusted EBITDA of PLN 78.4 million. The company noted a net profit of PLN 24.2 million and a net debt of PLN -142.1 million. A dividend of PLN 1.0 per share was distributed, and a 17 MW PV-farm expansion in Kostrzyn was completed, with plans for an additional 9 MW in Q1 2025. Ongoing reorganization of sales and customer service is expected to save PLN 15 million annually by 2025. The quarter was impacted by slow recovery in European markets and high raw material prices. The paper segment saw revenues of PLN 573.1 million, while the pulp segment, Rottneros, reported net sales of SEK 711 million. Investments in green energy and modernization are part of the company's long-term strategy to diversify its operations. The financial calendar for Q3 2024 is set for November 7th.