Arctic Paper - Resilient in a challenging market
Arctic Paper has continued to face the challenging market trends that affected Q422, with lower demand, higher input costs and higher prices across most of its segments in Q123. Management continued to proactively respond to the conditions and EBITDA was only 10% down on Q122 while sequentially much improved from Q422, up 32%. With customers naturally hesitant to lock in a higher pricing environment given the macroeconomic shocks and geopolitical uncertainty, demand now appears unlikely to bounce back sharply. Management is set to continue to focus on profitability and cash flows, providing operating leverage for when conditions do improve.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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