Arctic Paper S.A., producer of bulky-book paper and high-quality graphic paper in Europe, generated sales revenue through the first 3 quarters of 2012 of PLN 1,986 m (7.1% higher than during the same period of the previous year), with EBITDA of more than PLN 133.6m (48.4% growth) and an operating profit of over PLN 41.5m (as against a loss the year before). The net profit of Arctic Paper during this period was almost PLN 16.2m, compared to a loss during the same period a year ago.
In 3Q 2012 demand for high-quality paper in Europe was 5.6% lower than in 2Q 2012 and 3.8% lower than in 3Q 2011. Despite this, the company recorded the largest sales volume in its history during the period, up 6.5% from 3Q 2011. Sales volume was 7.8% higher than in 2Q 2012. The level of orders in the 3rd quarter remained stable.
Utilisation of the company’s production capacity in 3Q 2012 was high, at 97%, up 1.9 pp from 3Q 2011. The average utilization of production capacity over the past 12 months was about 95%.
