Arctic Paper

* Q3 Paper EBIT of ~PLN 16m vs. our PLN 5m* Challenging markets* Fair value range of SEK 17-60Q3 Paper EBIT of ~PLN 16m vs. our PLN 5mArctic Paper's Q3 report was a positive surprise, with reported Paper EBIT of ~PLN 16m, compared to our estimate of ...

* Beat driven by strong paper performance* Challenging markets* Outlook remains mutedBeat driven by strong paper performanceQ3 group EBITDA came in at PLN 39m, which was above ABGSCe PLN 15m. Paper EBITDA came in at PLN 39m, which was above our PLN 25m...

* Q3e Paper EBIT of ~PLN 5m* Challenging markets* Fair value range of SEK 17-60Q3e Paper EBIT of ~PLN 5mWe expect Q3e Paper EBIT of ~PLN 5m, up from PLN -16m in Q2'25. We are of the understanding that Q2 was affected by malfunctions and unplanned shutdowns...

Rottneros reports SEK 140m impairment ahead of Q2 Challenging markets for Rottneros and Arctic Paper Far-sighted is better than myopic Rottneros reports SEK 140m impairment ahead of Q2 Rottneros has announced an impairment of SEK 140m (~PLN 53m) related...

Q2e: Clean paper EBIT of ~PLN 10m Challenging markets Fair value range of SEK 25-70 Q2e Paper EBIT of ~PLN 10m We expect Q2 Paper EBIT of ~PLN 10m, down from PLN 12m in Q1'25. We expect volumes to show a decline, while lower realised prices will likely...

Miss driven by Pulp Paper market better, but still not good enough Outlook remains muted Miss driven by Pulp Q1 group EBITDA came in at PLN 23m, which was in line with ABGSCe PLN 23m. Paper EBITDA came in at PLN 33m, slightly below ABGSCe PLN 34m. Paper...

Q1e: Clean paper EBIT of ~PLN 15m Price hikes, but demand soft Fair value range of SEK 34-75 Our earnings bridge We expect Q1 Paper EBIT of ~PLN 15m, down from PLN 30m in Q4'24. The main effects q-o-q are likely: PLN -36m from lower paper prices, PLN...