Arctic Paper S.A. generated revenues of PLN 479.4 million in the 1st quarter of 2010. Operating profit was PLN 12.7 million and net profit PLN 670,000.
The 1st quarter of 2010 witnessed major changes in the paper industry. There was a reversal in trends that compared to last year now effects Arctic Paper*s results.. Arctic Paper has taken a number of measures designed to minimize the mid-term impact of unfavourable factors on the group’s activity, including introduction of price increases for the group’s products and plans for improving profitability at its paper mills.
On 1 of March 2010 the group carried out the acquisition anticipated in its IPO prospectus, by acquiring the Grycksbo paper mill. The acquisition significantly reinforced the group’s position on many markets and provides an opportunity to achieve synergy effects, for example in the area of logistics. Thanks to the acquisition, the group’s production capacity has grown by nearly half. Integration of the Grycksbo paper mill into the organisational structure of Arctic Paper is proceeding according to plan.
Mötesplatsen för dig inom industri och näringsliv, apr, 19 2025
