Arctic Paper S.A., Q1 2021: Arctic Paper is stronger than in many years
· Q1 consolidated sales revenue was PLN 782,8mn (EUR[1] 172,2mn). · EBITDA Q1 was PLN 72,2mn (EUR[1] 15,9mn). · EBIT Q1 was PLN 43,2mn (EUR[1] 9,5mn) and net profit PLN 32,3mn (EUR[1] 7,1mn). · Continued recovery while the effect of rising pulp prices is delayed due to contractual terms. · High capacity utilization of 94 percent in the paper segment and growth within kraft paper. · New five-year financing agreement totalling PLN 300 million at better terms. · New strategic group R&D function established to accelerate development in packaging. “As pulp prices rise, the