Arctic Paper - Q4 and full year 2018 results
Growth despite challenges in the graphic paper market
Sales revenue Q4 amounted to PLN 780,7m (EUR1 181,6m).
For the whole of 2018, sales revenue amounted to PLN 3158,2m (EUR1 741,1m).
EBITDA Q4 was PLN 3,0m (EUR1 0,7m). EBITDA for 2018 was PLN 223,5m (EUR1 52,4m).
EBIT Q4 was PLN -21,4m (EUR1 -5,0m). For 2018, EBIT was PLN 130,7m (EUR1 30,7m).
The Management Board proposes no dividend for 2018.
Decision to close one paper machine (PM7) in Grycksbo, provisions of PLN 8 m made in Q4.
Michal Jarczyński was appointed CEO of Arctic Paper S.A.
Launch of G-snow in early 2019 – a new, ultra-white, high-quality coated paper.
In March 2019, Arctic Paper signed a 15-year contract with Adven AB, which will design, own and operate a biomass boiler with a capacity of 30 MW at Arctic Paper Munkedals. This ensures lower, stable and predictable energy costs and reduces CO2-emissions.