UPM increases the IFRS fair value of its forest assets in Finland, mainly due to higher forest...
Arctic Paper reported 1Q turnover of PLN 789.7 million
During the 1Q 2018, Arctic Paper Group had a turnover of PLN 789.7 million ($213.4 million), compared to PLN 773.9 million ($209 million) in 1Q 2017, with an EBITDA of PLN 71.2 million ($19.2 million).
The paper segment generated a turnover of PLN 573.6 million ($155 million) with an EBITDA of PLN 31.1 million ($8.4 million).
The result of the period was affected by production disturbances at the mill in Grycksbo, occurred during the commissioning of paper machine PM10 after a planned maintenance and investment stoppage. This year Easter fell in the 1Q, which also contributed to reduced sales in this period.
Per Skoglund, CEO of Arctic Paper S.A., said: “Continuing increases in pulp prices are putting pressure on the margins. However, during the quarter we have implemented price increases that partially compensate for the rising cost and we are planning to increase prices further."
Arctic Paper S.A. is one of the leading producers of high-quality graphical fine paper in Europe and consists of three paper mills.
Source: Lesprom Network