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  • Arctic Paper
    Stampgatan 14, 411 01 Göteborg
    +46 10 451 8000
    http://www.arcticpaper.com
  • Kaj Hansson

    Group HR-manager


    +46 10 451 8050
    +46 70 356 8050
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    Correction: Solid results and further forward-looking investments (correction of the press release dated August 8th 2024)

    Press Release Kostrzyn nad Odra / Gothenburg, September 6th 2024 Arctic Paper S.A., Q2/H1 2024: Incorrect statement that the press release constitutes such information which Arctic Paper S.A. is obliged to make public pursuant to the EU Market Abuse Regulation. The press release does not contain inside information.   •     Q2 consolidated sales revenue amounted to PLN 839.2mn (EUR1 194.4mn). •     Adjusted EBITDA in Q2 was PLN 78.4mn (EUR1 18.2mn). •     EBIT in Q2 was PLN 41.8mn (EUR1 9.7mn) and net profit PLN 24.2mn (EUR1 5.6mn). •     Net debt at PLN -142.1mn (PLN

    Solid results and further forward-looking investments

    Press Release Kostrzyn nad Odra / Gothenburg, August 8th 2024 Arctic Paper S.A., Q2/H1 2024: Solid results and further forward-looking investments •     Q2 consolidated sales revenue amounted to PLN 839.2mn (EUR1 194.4mn). •     Adjusted EBITDA in Q2 was PLN 78.4mn (EUR1 18.2mn). •     EBIT in Q2 was PLN 41.8mn (EUR1 9.7mn) and net profit PLN 24.2mn (EUR1 5.6mn). •     Net debt at PLN -142.1mn (PLN -134.1mn). •     A dividend of PLN 1,0 per share was distributed according to the dividend policy. •     17 MW expansion of PV-farm in Kostrzyn completed: plans to add

    Arctic Paper S.A., Q1 2024: Positive signals in uncertain times

    Press Release Kostrzyn nad Odra / Gothenburg, May 14th, 2024 Arctic Paper S.A., Q1 2024: •     Q1 consolidated sales revenue was PLN 965,4mn (EUR1 222,8mn). •     EBITDA Q1 was PLN 112,0mn (EUR1 25,8mn). •     EBIT Q1 was PLN 83,7mn (EUR1 19,3mn) and net profit PLN 81,6mn (EUR1 18,8mn). •     Recovery within the paper segment compared to the consecutive quarter. •     Continued development of the energy segment with expanding PV projects. •     After the period: contract signed regarding energy storage at the Swedish mills. •     Given decision at AGM on May 29, a

    Arctic Paper signs contract for energy storage and system services

    Press Release   Kostrzyn nad Odra / Gothenburg, May 8, 2024 Arctic Paper signs contract for energy storage and system services    Arctic Paper has signed a fifteen-year agreement with S.E.R. Sverige to cooperate regarding energy storage and grid system services. The mills in Grycksbo and Munkedal will provide space and grid connections for battery installations. The contribution to EBITDA is estimated to SEK 10-30 million annually for the first two years of operation starting 2025.    The two Swedish mills, Arctic Paper Grycksbo AB, and Arctic Paper Munkedals AB have

    Arctic Paper S.A. Q4, 2023 - preliminary results*: Strengthened positions in uncertain times

    · Q4 sales revenue amounted to PLN 825,9mn (EUR[1] 181,8mn). · EBITDA Q4 was PLN 96,3mn (EUR[1] 21,2mn) and the EBITDA margin 11,7 percent. · FY 2023 sales revenue amounted to PLN 3 549,2mn (EUR[1] 781,1mn). · EBITDA FY 2023 was PLN 475,3mn (EUR[1] 104,6mn) and the EBITDA margin 13,4 percent. · Economic uncertainty still affected the market but early signs of recovery. · Financing agreement signed for biomass plant and wood pellets production in Grycksbo. · Management Board will recommend a dividend of PLN 1.0 per share (2.70). *The entire audited report FY2023 will be

    Arctic Paper changes its liquidity provider to Carnegie

    Arctic Paper S.A. has terminated the liquidity provider assignment with Erik Penser and has appointed Carnegie Investment Bank AB as new liquidity provider for the company's shares on Nasdaq Stockholm. The arrangement is in accordance with the framework of Nasdaq Stockholm's rules on liquidity providers.In the role of liquidity provider Carnegie undertakes to continuously quote prices for the Arctic Papers share in accordance with the from time-to-time applicable minimum requirements for liquidity providers set out by Nasdaq Stockholm. The purpose is to improve the liquidity of the share

    Arctic Paper moves to Warsaw Stock Exchange mWIG40 index

    Arctic Paper S.A. announces that from September 1, 2023, the company's shares will be traded on Warsaw Stock Exchange mWIG40 index. mWIG40 index is successor of MIDWIG index and has been calculated since December 31, 1997 and comprises 40 medium size companies listed at WSE Main List. mWIG40 is a price index and thus when it is calculated it accounts only for prices of underlying shares whereas dividend income is excluded."The move of our stock to the mWIG40 index confirms that the course of development of Arctic Paper is correct. It is also a proof that our position on the capital market

    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

    Fabian Langenskiöld new member of Arctic Paper's management board

    The Supervisory Board of Arctic Paper has today appointed Fabian Langenskiöld as a member of the company’s management board with effect from 14 August. Fabian Langenskiöld joined Arctic Paper in 2019 and holds the position of Executive Vice President of Sales & Marketing.“Fabian Langenskiöld has been an important member of our team for the past four years and I welcome him as member of the management board”, says Michal Jarczyński, CEO of Arctic Paper S.A. Fabian Langenskiöld has a Master of Science in Economics from the Hanken School of Economics in Helsinki, Finland. He has many years

    Arctic Paper invests SEK 285 million in bioenergy in Grycksbo

    Arctic Paper has decided to invest SEK 285 million in the expansion and upgrade of the biofuel installation at the mill in Grycksbo. The investment provides annual energy cost savings of SEK 50 million. In addition to electricity and steam, the installation will annually produce 50 kton of wood pellets at an estimated value of approximately SEK 100 million to be sold on the market.“Thanks to the biofuel boiler, Arctic Paper Grycksbo has a low climate footprint and a competitive energy mix. Now we are taking the next step as part of our long-term strategic plan to diversify into green energy.

    Arctic Paper expects lower Q2 result than current market estimates

    Arctic Paper S.A. expects an EBITDA result for the second quarter of 2023 in the range of PLN 60-70 million, which is lower than current market estimates. The lower result is due to a significantly lower revenue of PLN 836 million (1 296); this in turn is due to the general economic slowdown and customers destocking. Arctic Paper focuses on margins and has adapted production with a high degree of cost efficiency to meet the weaker market.“The volatility of the pulp and paper markets serves as a reminder of the importance of our long-term strategic plan to diversify into energy and packaging,

    CFO change at Arctic Paper

    Arctic Paper S.A. announces that the group's CFO Göran Eklund will retire at the end of June 2023 and will be replaced, with effect as of May 29, by Katarzyna Wojtkowiak, who is currently Chief Accountant.Katarzyna Wojtkowiak has been Chief Accountant and Group Treasury at Arctic Paper for over 11 years and has before that worked in various roles with accounting and finance at Flexlink in Poland. She holds a master’s degree in Capital Investments and Corporate Financial Strategies from the Poznan University of Economics. "Göran Eklund has helped steer Arctic Paper through major changes

    Arctic Paper takes the next step with Rottneros on joint investment

    Arctic Paper and Rottneros have entered into an agreement on a joint venture, an investment of PLN 100 million in the production of moulded fiber trays. A 50/50-owned Polish company has been founded to establish production at Arctic Paper's Polish mill.“We look forward to taking the next step in sustainable biodegradable packaging together with Rottneros. The investment is an important part of our strategic diversification”, says Michal Jarczyński, CEO of Arctic Paper S.A. The investment is based on the use of joint competences and synergies. Rottneros contributes pulp and experience in

    Arctic Paper S.A. Q4, 2022 - preliminary results*: The best year in the Group’s history

    · Q4 sales revenue amounted to PLN 1 085,1mn (EUR[1] 229,4mn). · EBITDA Q4 was PLN 140,0mn (EUR[1] 29,6mn) and the EBITDA margin 12,9 percent · FY 2022 sales revenue amounted to PLN 4 894,3mn (EUR[1] 1 035,0mn). · EBITDA FY 2022 was PLN 974,0mn (EUR[1] 206,0mn) and the EBITDA margin 19,9 percent. · Decline in demand on the paper market during Q4 as customers reduce their stocks. · Focus on margins over volumes to maintain profitability. · Arctic Paper move to the Mid-cap segment on Nasdaq Stockholm. · Management Board will recommend a dividend of PLN 2.7 per share (0.30).

    Arctic Paper moves to Nasdaq Stockholm's Mid Cap segment

    Arctic Paper S.A. (Nasdaq Stockholm: ARP) announces that from January 2, 2023, the company's shares will be traded on Nasdaq Stockholm's Mid Cap segment.The segment change takes place after Nasdaq's annual review of the market values of the companies in the Nordic market segments. The Mid Cap segment includes companies with a market capitalization between EUR 150 million and EUR 1 billion. "The move of our stock to the Mid Cap segment confirms that our strategy to broaden the base of our business is correct and that Arctic Paper is developing positively," said Michał Jarczyński, CEO of

    Arctic Paper S.A., Q3 2022: Strong sales and continued high profitability

    •    Q3 consolidated sales revenue increased to PLN 1 402.1mn (EUR[1] 300.0mn).•    EBITDA Q3 was PLN 298.2mn (EUR[\1\] 63.8mn).•    EBIT Q3 was PLN 259.6mn (EUR1 55.5mn) and net profit PLN 281.5mn (EUR[1] 60.2mn).•    Net profit per share reached PLN 3,20 (EUR[1] 0,69).•    Revenues at an all-time high and strong results for both pulp and paper.•    The new flexible multifuel boiler in Munkedal went into operation in September.•    Group Business developer for the energy segment appointed.•    Record strong balance sheet – net debt/EBITDA ratio at -0,22 [1]Arctic Paper S.A.

    Arctic Paper appoints business developer for the energy area

    Arctic Paper has recruited Daniel Bergkvist to a new position as Group Business developer with responsibility for the group's activities in the energy area. Daniel Bergkvist is a Swedish citizen with experience in, among other things, energy issues and international business. He will report to the group CEO.Investments in renewable and fossil-free energy with the aim of the group becoming carbon dioxide neutral by 2030 is an important part of Arctic Paper's strategy. The group invests in green energy solutions such as hydropower in Munkedal, biomass in Grycksbo and solar cells in Kostrzyn.

    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.

    Arctic Paper decides on dividend policy

    The management board and Supervisory board of Arctic Paper have adopted a dividend policy for the Group. This means that 20–40 percent of the Group's net profit shall be distributed to shareholders, given that the financial situation allows it with regard to, among other things, the investments that follow from the Group's growth strategy.“Our ambition is to generate a stable and growing dividend to shareholders over time. A prerequisite for this is that we have the financial strength to realize the investments in our new segments. The combination of paper and pulp contributes to stability

    Arctic Paper S.A., Q1 2022: Best quarterly group results in challenging times

    · Q1 consolidated sales revenue was PLN 1 110,8mn (EUR[1] 240,1mn). · EBITDA Q1 was PLN 205,7mn (EUR[1] 44,5mn). · EBIT Q1 was PLN 176,1mn (EUR[1] 38,1mn) and net profit PLN 146,4mn (EUR[1] 31,6mn). · Strong demand, and price increases offset rising costs for raw material, energy, and logistics. · High-capacity utilization (99 %) requires active management of the output of paper production. · Additional steps taken to diversify in green energy and packaging in line with 4P strategy.[1]Arctic Paper S.A. reports in PLN. In the English press release, the amounts above were

    Arctic Paper S.A. Q4, 2021 - preliminary results*: Strong result and positive outlook for both pulp and paper

    · Q4 sales revenue amounted to PLN 953,5mn (EUR[1] 208,8mn). · EBITDA Q4 was PLN 69,2mn (EUR[1] 15,2mn) and the EBITDA marginal 7,3 percent · FY 2021 sales revenue amounted to PLN 3412,6mn (EUR[1] 747,2mn). · EBITDA FY 2021 was PLN 327,8mn (EUR[1] 71,8mn) and the EBITDA margin 9,6 percent · Record-strong demand for paper; active measures to optimise income per machine hour. · Preparation for the construction of a 17 MW solar power plant in Kostrzyn has begun. · New Managing Director of Arctic Paper’s paper production in Sweden appointed. · After the period: decision to

    Arctic Paper Kostrzyn to reduce emissions by reusing energy

    Arctic Paper Kostrzyn has signed a contract with NTP, a Polish-based company that will build a production facility on Arctic Paper's premises and start production in 2025. At the same time, Arctic Paper Kostrzyn will buy recycled residual heat from the new facility and use it to dry paper, which will reduce CO2 emissions by 20,000 tonnes annually.Arctic Paper Kostrzyn has a long experience with energy efficiency improvement and heat recovery solutions in cooperation with other companies. By recovering heat from the from new production process, Arctic Paper Kostrzyn will be supplied with 470,

    Arctic Paper prepares for 17 MW solar power plant in Kostrzyn

    Arctic Paper Group has concluded contracts with the Polish company MAZEL SA to support the Group in preparation of documentation and obtaining necessary permits to start building solar power plant with a capacity of 17 MW. The start-up of building is planned for September 2022.The investment is an important step in the implementation of Arctic Paper Group´s new 4P Strategy for 2030, under which, in addition to graphic paper and cellulose, the Group will develop in the packaging and energy segments.  “The experiences from our pilot installation are positive, now we are ready to take the

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