Arctic Paper - Resilient FY23 masked by record comparator
FY23 was a year with numerous obstacles for the European paper and pulp industry, including lower demand due to an economic downturn and customer destocking. Nevertheless, Arctic Paper’s performance was resilient, with an EBITDA margin of 13%, substantially higher than the long-run historical average, although this is somewhat masked by a record comparator year. The strength of the balance sheet was maintained with net cash of PLN348m, which should bolster the company’s capex programme, focused on diversifying into the higher-margin renewable energy and packaging markets and moving up the value chain.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.