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 and with the diversification towards packaging and energy, we increase both stability and margins", emphasizes Michal Jarczyński, CEO, Arctic Paper S.A.
Arctic Paper's 4P strategy for 2030 is based on growth with a focus on diversification towards energy and packaging. The total investments in 2022–2030 are estimated to amount to PLN 1.5 billion in 2021 monetary value, of which investments in the new areas account for 40 percent.
Further information provided by:
Michal Jarczynski, CEO, Arctic Paper S.A.
Phone +46 10 451 7005
michal.jarczynski@arcticpaper.com
Göran Eklund, CFO, Arctic Paper S.A.
Phone +46 10 451 7054
Arctic Paper Group is a European company and a leading producer of high-quality graphical fine paper, bio-based packaging solutions, high-quality wood pulp, and energy, increasingly of non-fossil origin. The company is present with its own sales offices in Europe. Arctic Paper S.A. is listed on the Warsaw Stock Exchange and NASDAQ in Stockholm. The Group is the main owner of the listed Swedish pulp producer Rottneros AB.
For more information visit, arcticpapergroup.com