Arctic Paper S.A., Q2/H1 2023: Focus on future growth opportunities in weaker market
· Q2 consolidated sales revenue amounted to PLN 836.2mn (EUR[1] 181.3mn). · EBITDA in Q2 was PLN 68.9mn (EUR[1] 14.9mn). · EBIT in Q2 was PLN 39.3mn (EUR[1] 8.5mn) and net profit PLN 46.9mn (EUR[1] 10.2mn). · Net debt at PLN -134.1mn (PLN -12.6mn). · Dividend of PLN 2.7 per share was distributed according to the dividend policy. · Despite weaker demand, agile production management and cost effectiveness resulted in an EBITDA margin of 8.2 percent. · Focus on long term strategic initiatives to diversify towards green energy and packaging. · After the period, a decision was