Arctic Paper S.A., Q1 2023: Continued good results despite lower demand
·Q1 consolidated sales revenue was PLN 1 032,2mn (EUR[1] 219,1mn). ·EBITDA Q1 was PLN 185,5mn (EUR[1] 39,4mn). ·EBIT Q1 was PLN 155,6mn (EUR[1] 33,0mn) and net profit PLN 131,7mn (EUR[1] 27,9mn). ·Continued focus on margins over volumes to maintain profitability despite weaker demand. ·Strong balance sheet with a net debt/EBITDA ratio of -0.27x (0.33x). ·The establishment of a moulded tray factory in Kostrzyn is proceeding according to plan.[1]Arctic Paper S.A. reports in PLN. In the English press release, the amounts above were converted to EUR at