Press Release
Kostrzyn nad Odra / Gothenburg, May 14th, 2024
Arctic Paper S.A., Q1 2024:
• Q1 consolidated sales revenue was PLN 965,4mn (EUR1 222,8mn).
• EBITDA Q1 was PLN 112,0mn (EUR1 25,8mn).
• EBIT Q1 was PLN 83,7mn (EUR1 19,3mn) and net profit PLN 81,6mn (EUR1 18,8mn).
• Recovery within the paper segment compared to the consecutive quarter.
• Continued development of the energy segment with expanding PV projects.
• After the period: contract signed regarding energy storage at the Swedish mills.
• Given decision at AGM on May 29, a 1,0 PLN per share dividend will be paid. Record date is June 12, with payment on June 18 reaching all shareholders before the end of June.
“The first quarter came in with lower sales and profit than for the comparison quarter. At the same time, the consolidated result was stronger than for the consecutive quarter.”
Michał Jarczyński, CEO (see letter from the CEO on page 2)
Selected financial results – Arctic Paper Group3 and Arctic Paper (paper segment)
|
PLN (million) |
Q1 2024 |
Q1 2023 |
Change |
Q4 2023 |
|
Sales revenue, Arctic Paper Group |
965,4 |
1 032,2 |
-66,8 |
825,9 |
|
Sales revenue, Arctic Paper (paper segment) |
701,0 |
722,3 |
-21,2 |
581,2 |
|
EBITDA, Arctic Paper Group |
112,0 |
185,5 |
-73,5 |
96,3 |
|
EBITDA, Arctic Paper (paper segment) |
109,0 |
113,8 |
-4,8 |
119,8 |
|
EBIT, Arctic Paper Group |
83,7 |
155,6 |
-72,0 |
67,1 |
|
EBIT, Arctic Paper (paper segment) |
89,7 |
93,4 |
-3,7 |
97,3 |
|
Net profit, Arctic Paper Group |
81,6 |
131,7 |
-50,1 |
35,6 |
|
Net profit, Arctic Paper (paper segment) |
97,8 |
82,8 |
+15,0 |
60,8 |
|
Net profit, PLN per share2 |
1.19 |
1.56 |
-0.37 |
0,69 |
|
Net debt |
-310,0 |
-258,4 |
-51,6 |
-347,5 |
|
|
|
Financial calendar 2024: Q2 2024: August 8th, Q3 2024: November 7th
This disclosure contains information that Arctic Paper is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 14-05-2024 07:45 CET.