- Q4 sales revenue amounted to PLN 1 085,1mn (EUR1 229,4mn).
- EBITDA Q4 was PLN 140,0mn (EUR1 29,6mn) and the EBITDA margin 12,9 percent
- FY 2022 sales revenue amounted to PLN 4 894,3mn (EUR1 1 035,0mn).
- EBITDA FY 2022 was PLN 974,0mn (EUR1 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).
*The entire audited report FY2022 will be published on
1
"The strong results have significantly improved
Michal Jarczyński, CEO
The year 2022 ended with another strong period as the best year in the Group's history. For Q4, consolidated sales increased to PLN 1.085.1 million (953.5 million) while EBITDA doubled to PLN 140.0 million (69.2), corresponding to an EBITDA-margin of 12.9 percent (7.3).
For the full year the Group achieved consolidated sales of PLN 4,894.3 million (3,412.6 million), EBITDA of PLN 974.0 million (327.8 million) and an EBITDA-margin of 19.9 percent (9.6). Both paper and pulp contributed to growth in earnings. The strong results have significantly improved
Paper segment sales increased to PLN 770.0 million (689.2 million) with EBITDA of PLN 122.3 million (31.2 million). After a historically strong period, sales volumes decreased during the fourth quarter as customers reduced their stock before the turn of the year. The decline affected all qualities and subsegments, even though book and premium design papers are more stable against changes in demand.
For
The development of our packaging segment has been deliberately held back as we managed production in terms of value per ton and graphical paper has shown better margins for several quarters. For the full year of 2022, 18.6 thousand tons of packaging paper were sold.
The energy projects are running according to plan. Several solar energy projects in
The past year was a record year for
Michal Jarczyński, CEO of
Financial calendar for 2023
Annual report 2022: Year end
This disclosure contains information that
Further information provided by:
Tel. (+46) (0)10 451 7005
E-mail: michal.jarczynski@arcticpaper.com
Göran
Tel. (+46) (0)10 451 7054
E-mail: goran.eklund@arcticpaper.com
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
For more information visit, arcticpapergroup.com
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