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...

Q4e: Clean paper EBIT of ~PLN 10m Paper prices down, demand muted Fair value range of SEK 40-80 This is our earnings bridge: We expect Q4 Paper EBIT of ~PLN 10m, down from PLN 20m in Q3'24. The main effects q-o-q are likely: PLN -18m from lower paper...

Paper EBITDA PLN 49m, above ABGSCe PLN 47m Group EBITDA beat driven mainly by Paper Outlook remains muted, Q4 likely flat/slightly better (seasonally) Slight beat driven by Paper Q3 group EBITDA came in at PLN 77m, which compares to ABGSCe of PLN 74m...

Q2 challenging, same trends expected for Q3 Paper — better demand, more supply cuts, higher prices Fair value range of SEK 40-80 Q2 challenging, same trends expected for Q3 Q2 was another challenging quarter, as group EBITDA came in at PLN 71m (ABGSCe...

Paper EBITDA PLN 50m, below ABGSCe PLN 59m Group EBITDA miss driven by weaker on both paper and pulp Paper — better demand, more supply cuts, higher prices Miss due to higher costs and soft demand Q2 group EBITDA came in at PLN 78m, which compares to...

Our earnings bridge: We expect Q2 Paper EBIT of PLN 38m, down from PLN 94m in Q1'24. The main effects q-o-q are likely PLN 1m from slightly higher paper prices (UWF prices flat q-o-q, CWF +3%), PLN 3m from marginally better volumes and PLN -60m from ...

Paper EBITDA PLN 109m, in line vs ABGSCe PLN 108m Group EBITDA miss driven by Rottneros Paper markets still weak, but demand better Beat on paper, miss on pulp Q1 group EBITDA came in at PLN 112m, which compares to ABGSCe of PLN 130m. Paper EBITDA came...

Q1e: Clean EBIT of PLN 87m Paper is improving – better demand and 10% supply cuts Fair value range of SEK 40-80 per share Q1e: Paper volumes are picking up, but so are pulp prices We expect Q1 Paper EBIT of PLN 87m, down from PLN 98m in Q4'23. The main...

FY23 was a year with numerous obstacles for the European paper and pulp industry, including lower demand due to an economic downturn and customer destocking. Nevertheless, Arctic Paper’s performance was resilient, with an EBITDA margin of 13%, substantially...

Paper EBITDA PLN 120m vs. ABGSCe PLN 108m Weak performance from Rottneros drags group results down Paper markets still weak, but demand better Beat on paper, but miss on pulp ARP reported preliminary numbers: Group EBITDA of PLN 67m, which compares to...