Arctic Paper S.A. Q1, 2018:A satisfactory result in a challenging market environment
• Q1 sales revenue amounted to PLN 789,7mn (EUR1 188,9mn).• EBITDA Q1 amounted to PLN 71,2mn (EUR1 17,0mn).• EBIT Q1 was PLN 47,2mn (EUR1 11,3mn).• Continued high pulp prices affected the result of the period.• Decision was taken to invest PLN 29m (EUR 7m) in an expansion of the hydro power plant at the Munkedal mill.• New strategy for the paper segment being implemented to reach the financial goal of EBIT 10 percent by 2022.During the first quarter of 2018, Arctic Paper Group had a turnover of PLN 789,7 million (compared to PLN 773,9 million in Q1, 2017) with an EBITDA of PLN 71,