Arctic Paper - Strategy on track despite cyclical weakness
Arctic Paper’s H123 results reflect dampened demand, with customer destocking, alongside sequential price declines seen across the entirety of the European paper and pulp market. Deliveries of its products were substantially below estimated end-use demand, and global commodity prices, such as for pulp and energy, fell from historical highs to cyclical lows in the six-month period. Despite a weaker H123 versus a record strong comparator, Arctic has maintained a robust balance sheet enabling it to continue its diversification into the higher-margin energy and packaging markets and move 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.
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