Arctic Paper S.A., Q2/H1 2022: Best group results create strong base for investments
· Q2 consolidated sales revenue increased by 65 percent to PLN 1 296.3mn (EUR[1] 279.6mn). · EBITDA in Q2 reached record high PLN 330.1mn (EUR[1] 71.2mn). · EBIT in Q2 was PLN 298.1mn (EUR[1] 64.3mn) and net profit PLN 254.1mn (EUR[1] 54.8mn). · Net debt at record-low PLN -12.6mn (PLN 152.6mn). · Capacity utilization in the paper production was 99 percent for the fourth quarter in a row. · Effective energy hedging and the biomass boiler in Munkedal will be put into operation in Q3. · The Groups first dividend policy was adopted in July. [1]Arctic Paper S.A. reports in PLN.