- Q4 sales revenue amounted to PLN 810,8mn (EUR1 188,3mn).
- EBITDA Q4 was PLN 38,8mn (EUR1 9,0mn) and the EBITDA margin 4.8 percent
- FY 2024 sales revenue amounted to PLN 3 434,7mn (EUR1 797,6mn).
- EBITDA FY 2024 was PLN 298,6mn (EUR1 69,3mn) and the EBITDA margin 8,7 percent.
- Arctic Paper continues to gain market shares in a challenging paper market.
- Management Board will recommend a dividend of PLN 0.70 per share (1,00), which corresponds to 30 percent of estimated profit according to the dividend policy.
- Total investments in 2024 were PLN 424mn, of which 40 percent in power and packaging.
*The entire audited report FY2024 will be published on April 29th.
“Arctic Paper's strong finances and stable position give us the strength to encounter another challenging year with confidence.”
Michal Jarczyński, CEO (see letter from the CEO on page 2)
Preliminary selected financial results: Arctic Paper Group & Arctic Paper (paper segment)
|
PLN (million) |
Q4, 2024 |
Q4, 2023 |
Changes |
FY 2024 |
FY 2023 |
|
Sales revenue, Arctic Paper Group |
810,8 |
825,9 |
-15,1 |
3 434,7 |
3 549,2 |
|
Sales revenue Arctic Paper (paper segment) |
576,4 |
581,2 |
-4,8 |
2 413,6 |
2 460,4 |
|
EBITDA, Arctic Paper Group |
38,8 |
96,3 |
-57,5 |
298,6 |
475,3 |
|
EBITDA Arctic Paper (paper segment) |
46,2 |
119,8 |
-73,6 |
243,1 |
375,8 |
|
EBIT, Arctic Paper Group |
11,3 |
67,1 |
-55,8 |
184,3 |
357,1 |
|
EBIT Arctic Paper (paper segment) |
30,1 |
97,3 |
-67,2 |
168,8 |
292,3 |
|
Net profit, Arctic Paper Group |
18,8 |
35,6 |
-16,8 |
161,1 |
272,4 |
|
Net profit, Arctic Paper (paper segment) |
26,9 |
60,8 |
-33,9 |
160,2 |
264,3 |
|
Net profit per share2 (PLN/share) |
0,34 |
0,69 |
-0,35 |
2,23 |
3,57 |
|
Net debt |
-1.4 |
-347,5 |
346,1 |
-1.4 |
-347,5 |
1Arctic Paper S.A. reports in PLN. In the English press release, the amounts above were converted to EUR at the average rates for the quarter respectively.
2 Net profit per share: net profit for the paper segment plus 51% of the net profit for Rottneros divided by the number of shares.
|
“Arctic Paper Group is seen as a stable supplier of fiber-based products and has continuously strengthened its positions in both paper and pulp.”
|
|
Michal Jarczyński, CEO of Arctic Paper S.A.
Table 1: Preliminary selected consolidated profit and loss account items
|
PLN ‘000 |
4Q |
3Q |
4Q |
YTD |
YTD |
|
|
|
|
|
|
|
|
|
|
Sales revenues |
810 827 |
819 282 |
825 888 |
3 434 693 |
3 549 153 |
|
|
EBIT |
11 281 |
47 530 |
67 073 |
184 294 |
357 068 |
|
|
EBITDA |
38 831 |
77 346 |
96 322 |
298 596 |
475 304 |
|
|
Net profit/ (loss) |
18 774 |
36 609 |
35 608 |
161 105 |
272 388 |
|
|
|
|
|
|
|
|
|
|
PLN ‘000 |
31.12.2024 |
30.09.2024 |
31.12.2023 |
|
|
|
|
|
|
|
|
Fixed assets |
1 492 328 |
1 427 970 |
1 292 261 |
|
|
Current assets, whereof |
1 264 634 |
1 295 476 |
1 430 616 |
|
|
Cash and cash equivalents |
287 583 |
254 463 |
500 449 |
|
|
Total assets |
2 756 962 |
2 723 447 |
2 722 877 |
|
|
|
|
|
|
|
|
Equity |
1 768 722 |
1 782 775 |
1 801 508 |
|
|
Short-term liabilities |
612 680 |
674 762 |
641 617 |
|
|
Long-term liabilities |
375 560 |
265 913 |
279 752 |
|
|
Total equity and liabilities |
2 756 962 |
2 723 448 |
2 722 877 |
|
|
PLN ‘000 |
Q4 |
Q3 |
Q4 |
YTD |
YTD |
|
|
|
|
|
|
|
|
|
|
Cash flows from operating activities |
109 637 |
(3 444) |
126 064 |
188 397 |
471 202 |
|
|
Cash flows from investing activities |
(133 567) |
(107 001) |
(77 104) |
(416 630) |
(146 719) |
|
|
Cash flows from financing activities |
58 718 |
57 426 |
(36 683) |
22 835 |
(288 933) |
|
|
Total cash flows |
34 788 |
(53 019) |
12 277 |
(205 398) |
35 550 |
|
Annual report 2024: Year-end April 29th, Q1 2025: May 15th, Q2 2025: August 12th, Q3 2025: November 6th