Arctic Paper - Advancing into new revenue streams
Arctic Paper continues to grapple with the ongoing market challenges that have affected 2023 thus far, with lower demand, heightened input costs and price volatility across most of its segments. Despite this, the company has maintained a robust balance sheet with record Q323 net cash of PLN307m, enabling its continued investment and growth within sustainable energy solutions, a new revenue stream. Q323 margins were broadly protected through the implementation of cost containment measures and adjusting capacity to match demand, while early signs of recovery from cyclical lows in both paper and pulp prices began to appear.Arctic Paper is an European producer of bulky book paper, offering the widest range of products in this segment and is a producer of high quality graphic paper in Europe. Co. produces many types of wood-free coated and uncoated paper, wood uncoated paper for printing houses, paper distributors, publishers of books and periodicals and advertising industry. The additional business activities of Co. subordinated to paper production are: production and sales of pulp; production of electric energy; transmission of electric energy; electricity distribution; heat production; heat distribution; logistics services; and paper distribution.
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