Arctic Paper S.A., Q2/H1 2020: Strengthened position on a Corona-affected market
• Q2 consolidated sales revenue was PLN 616.0mn (EUR[1] 139.5mn).• EBITDA in Q2 was PLN 48.0mn (EUR[1] 10.9mn).• EBIT in Q2 was PLN 24.2mn (EUR[1] 5.5mn) and net profit PLN 10.8mn (EUR[1] 2.4mn).• EBIT in H1 was PLN 103.9mn (EUR[1] 23.5mn) and net profit PLN 73.1mn (EUR[1] 16.55mn).• The combination of pulp and paper makes the Group more resilient in challenging times.• The Group maintained a strong liquidity position. Net debt/EBITDA reached 0.83 (as compared to 1.06 for Q2 2019).• While total sales were negatively impacted by the pandemic, the paper segment managed relatively