Arctic Paper (WSE: ATC)

Last close As at 20/11/2024

PLN16.80

−0.13 (−0.77%)

Market capitalisation

PLN1,165m

Based in Poland, Arctic Paper is a paper producer (one of the leading producers of graphical paper in Europe) with three paper mills located in Poland and Sweden (with capacity of c 685,000 metric tonnes of paper per year). Its majority ownership of Rottneros (51%) complements the company’s portfolio with pulp, partly produced for its own paper products.

Latest Insights

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Industrials | Update

Arctic Paper — FY23 focused on margin management

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Arctic Paper – executive interview

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Arctic Paper — Resilient FY23 masked by record comparator

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Arctic Paper — Advancing into new revenue streams

Sector

Industrials

Equity Analyst

Andy Murphy

Andy Murphy

Director, Financials & Industrials

Key Management

  • Katarzyna Wojtkowiak

    Chairman

  • Michal Jarczyński

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (9.9) (14.1) (15.9)
Relative (3.2) (4.5) (11.8)
52 week high/low 24.4gr/16.7gr

Financials

Arctic Paper’s FY23 results highlight the resilience of its business model in a year of cyclical weakness. Management successfully focused on margins, which were broadly protected through the implementation of cost containment measures and adjusting capacity to match demand. The FY23 EBITDA margin stood at 13%, substantially higher than the historical average of 10%. The cash flow and balance sheet remained strong with net cash of PLN348m, an increase from the FY22 level (PLN276m).

Research

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Arctic Paper: EKF 2023 QuickView

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