Arctic Paper S.A., Q3 2021: Strong demand and growing revenues

• Q3 consolidated sales revenue was PLN 889.7mn (EUR¹6mn).
• EBITDA Q3 was PLN 102.1mn (EUR¹4mn).
• EBIT Q3 was PLN 72.8mn (EUR¹0mn) and net profit PLN 53.4mn (EUR¹ 11.7mn).
• Combination of pulp and paper continues to stabilise results as fluctuations offset each other.
• Strong quarter with paper production on record-high and the order books are full for the year.
• New group strategy for 2030 adding packaging & power using existing strengths.
• LOI signed with Rottneros to invest in sustainable fibre tray production in Kostrzyn.

“Arctic growth will be built on four pillars: paper, pulp, packaging, and power. A first step in this direction was taken at the end of October when Arctic Paper and Rottneros signed a letter of intent to develop a moulded tray factory in Arctic Paper's premises in Kostrzyn.”

Michał Jarczyński, CEO (see letter from the CEO on page 2)

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