Arctic Paper S.A., Q2/H1 2021: Focus on growth in sustainable packaging
• Q2 consolidated sales revenue increased to PLN 786.6mn (EUR[1] 173.3mn).• EBITDA in Q2 was PLN 84.2mn (EUR[1] 18.5mn).• EBIT in Q2 was PLN 54.5mn (EUR[1 ]12.0mn) and net profit PLN 35.6mn (EUR[1] 7.8mn).• The combination of pulp and paper strengthen the Group as the economic recovery continues.• Debt reduced by one third to PLN 152.6mn (PLN 221.8mn).• 242 percent volume growth in packaging paper during H1/2021 compared with H1/2020.• Product launches within sustainable packaging expands our range to new application areas.• Dividend of PLN 0.30 (PLN 0.20)