In the 1st half of 2015 the financial results from continued operations generated by the Arctic Paper Group were better than those from a year before. However, according to Wolfgang Lübbert, Arctic Paper CEO, “The results of our paper business are far from being satisfactory.” EBITDA was PLN 116.9m (growth of 14% compared to 1H 2014), operating profit was over PLN 62.8m (up 35.8% in comparison to 1H 2014), and net profit was PLN 51.9m (an increase of 114.6%). Sales revenues amounted to over PLN 1,459m, which is a 1.6% increase year-on-year. The figures include the contribution of Rottneros (the majority of Rottneros was acquired by Arctic Paper Group in 2013), which posted very good financial results for the period.
FRIDAY, 28 AUG, 2015