Correction: Solid results and further forward-looking investments (correction of the press release dated August 8th 2024)

“The second quarter, normally a weaker quarter, was this year affected by the slow recovery in key European markets and by historically high raw material prices.”


Michal JarczyƄski, CEO (see letter from the CEO on page 2)


Selected financial results – Arctic Paper Group and Arctic Paper (paper segment)


PLN (million)

Q2 2024

Q2 2023

Change

H1 2024

H1 2023

Sales revenue, Arctic Paper Group

839,2

836,2

+3,0

1 804,6

1 868,5

Sales revenue, Arctic Paper (paper segment)

573,1

566,7

+6,4

1 274,9

1 289,0

EBITDA*, Arctic Paper Group

78,4

68,9

+9,5

190,4

254,5

EBITDA* Arctic Paper (paper segment)

49,6

47,6

+2,0

158,6

161,4

EBIT, Arctic Paper Group

41,8

39,3

+2,5

125,5

195,0

EBIT Arctic Paper (paper segment)

23,7

27,4

-3,6

113,5

120,8

Net profit, Arctic Paper Group

24,2

46,9

-22,7

105,7

178,6

Net profit, Arctic Paper (paper segment)

11,2

76,3

-65,1

109,1

159,1

Net profit per share2

PLN 0,26

PLN 0,57

PLN -0,31

PLN 1,45

PLN 2,13

Net debt

-142.1

-134.1

-8.1

-142.1

-134.1





Financial calendar for 2024: Q3: November 7th, 2024