Arctic Paper S.A., Q3, 2023: Our focus on margins continues to be successful

• Q3 consolidated sales revenue amounted to PLN 854.8mn (EUR¹5mn).
• EBITDA in Q3 was PLN 124.5mn (EUR¹2mn).
• EBIT in Q3 was PLN 95.0mn (EUR¹7mn) and net profit PLN 58.2mn (EUR¹ 12.7mn).
• Continued focus on margins: The consolidated EBITDA margin reached 14.6 percent.
• Energy investment in Grycksbo adds revenue streams and enhances competitiveness.
• Net debt PLN -306.7mn (PLN -199.6mn), net debt/EBITDA at new record low of -0.59 (-0.22).

“Our focus on margins rather than volumes continued to be successful and is helping to strengthen the Group at a time of significant investment in line with our strategy.”

Michal Jarczyński, CEO (see letter from the CEO on page 2)

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