Polonia
LEADING PAPER PRODUCER RELEASES Q1 RESULTS
Arctic Paper, a leading producer of high-quality graphical fine paper in Europe, has published its financial results for Q1, 2024 and in this period the group posted consolidated sales revenue of PLN965.4m, PLN66.8m less y/y, EBITDA of PLN112m, down by PLN73.5m y/y, EBIT of PLN83.7m, which represents a decrease by PLN72m on the year-earlier period, and a net profit of PLN81.6m, PLN50.1m less than in Q1, 2023. Commenting on the company’s performance, CEO Michał Jarczyński notes that the market outlook remains vague while 2024 will continue to be a year full of challenges. (ICE VARSAVIA)
Fonte notizia: bankier.pl