Arctic Paper S.A. Logo

Arctic Paper S.A.

ISIN: PLARTPR00012 | Ticker: ATC | LEI: 259400OI92UBLS9RJK55
Sector: MaterialsSub-Industry: Paper Products
Country: Poland

About Arctic Paper S.A.

Company Description

Arctic Paper S.A. is a leading European producer of high-quality graphic paper listed on the stock exchanges in Warsaw (Giełda Papierów W artościowych – GPW) and Stockholm (NASDAQ). We produce numerous types of uncoated and coated wood-free paper, as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses, advertising industry and packaging producers.

Our business activities are based on the operations of three mills: Kostrzyn nad Odrą (Poland), Munekdals and Grycksbo (Sweden). We manage sales organisations across Europe, which support our activities and contacts with our customers.

Our strong and recognisable brands: Munken, Arctic Volume, G, Arctic, Amber and Munken Kraft are synonymous of quality and sustainable production processes. We are a forerunner in the protection of nature and the development of new products for core markets as well as for new markets and segments.

Year founded

1740

Served area

Europe

Headquarters

Fabryczna 1, 66-470 Kostrzyn Nad Odrą – Poland

Financial statements

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Line item in (pln) 02.01.2019 01.01.2020 02.01.2020 01.01.2021 02.01.2021 01.01.2022 01.01.2023
Assets N/A 2,035,753,000.00 2,035,753,000.00 2,136,646,000.00 N/A 2,389,266,000.00 3,254,485,000.00
Noncurrent Assets N/A 1,080,905,000.00 1,080,905,000.00 1,194,503,000.00 N/A 1,301,750,000.00 1,371,867,000.00
Property Plant And Equipment N/A 979,851,000.00 979,851,000.00 1,085,121,000.00 N/A 1,155,280,000.00 1,125,004,000.00
Investment Property N/A 4,128,000.00 4,128,000.00 3,086,000.00 N/A 2,978,000.00 1,763,000.00
Goodwill N/A 0.00 0.00 9,656,000.00 N/A 9,421,000.00 8,847,000.00
Intangible Assets Other Than Goodwill N/A 38,471,000.00 38,471,000.00 43,251,000.00 N/A 56,667,000.00 63,899,000.00
Investments In Joint Ventures Accounted For Using Equity Method N/A 1,412,000.00 1,412,000.00 1,678,000.00 N/A 2,943,000.00 4,264,000.00
Deferred Tax Assets N/A 24,346,000.00 24,346,000.00 25,117,000.00 N/A 14,303,000.00 5,196,000.00
Other Noncurrent Financial Assets N/A 30,658,000.00 32,389,000.00 26,279,000.00 N/A 59,858,000.00 162,617,000.00
Other Noncurrent Nonfinancial Assets N/A 2,039,000.00 308,000.00 315,000.00 N/A 300,000.00 277,000.00
Current Assets N/A 954,848,000.00 954,848,000.00 942,143,000.00 N/A 1,087,516,000.00 1,882,618,000.00
Inventories N/A 353,774,000.00 353,774,000.00 365,491,000.00 N/A 402,868,000.00 601,205,000.00
Trade And Other Current Receivables N/A 302,121,000.00 302,121,000.00 297,543,000.00 N/A 402,530,000.00 503,391,000.00
Current Tax Assets Current N/A 5,324,000.00 5,324,000.00 5,209,000.00 N/A 8,409,000.00 633,000.00
Other Current Financial Assets N/A 18,835,000.00 18,835,000.00 12,188,000.00 N/A 97,358,000.00 283,411,000.00
Other Current Nonfinancial Assets N/A 8,909,000.00 8,909,000.00 6,149,000.00 N/A 8,424,000.00 12,048,000.00
Cash and cash equivalents 202,090,000.00 265,885,000.00 265,885,000.00 255,563,000.00 255,563,000.00 167,927,000.00 481,930,000.00
Equity And Liabilities N/A 2,035,753,000.00 2,035,753,000.00 2,136,646,000.00 N/A 2,389,266,000.00 3,254,485,000.00
Equity 861,193,000.00 870,528,000.00 870,528,000.00 1,033,033,000.00 1,033,033,000.00 1,242,996,000.00 2,052,182,000.00
Issued Capital N/A 69,288,000.00 69,288,000.00 69,288,000.00 N/A 69,288,000.00 69,288,000.00
Retained Earnings N/A 19,473,000.00 19,473,000.00 96,510,000.00 N/A 226,113,000.00 837,702,000.00
Statutory Reserve N/A N/A 407,976,000.00 407,976,000.00 N/A 407,976,000.00 407,976,000.00
Equity Attributable To Owners Of Parent N/A 606,909,000.00 606,909,000.00 749,977,000.00 N/A 912,137,000.00 1,587,619,000.00
Noncontrolling Interests N/A 263,619,000.00 263,619,000.00 283,056,000.00 N/A 330,859,000.00 464,563,000.00
Liabilities N/A 1,165,225,000.00 1,165,225,000.00 1,103,613,000.00 N/A 1,146,270,000.00 1,202,303,000.00
Noncurrent Liabilities N/A 477,127,000.00 477,127,000.00 464,596,000.00 N/A 424,205,000.00 395,397,000.00
Noncurrent Provisions N/A 124,942,000.00 N/A 137,373,000.00 N/A N/A N/A
Noncurrent Provisions For Employee Benefits N/A N/A 123,719,000.00 135,994,000.00 N/A 111,993,000.00 43,547,000.00
Other Longterm Provisions N/A N/A 1,223,000.00 1,379,000.00 N/A 1,346,000.00 1,264,000.00
Noncurrent Government Grants N/A N/A N/A N/A N/A 13,870,000.00 10,512,000.00
Deferred Tax Liabilities N/A 70,823,000.00 70,823,000.00 71,448,000.00 N/A 106,633,000.00 177,750,000.00
Other Noncurrent Financial Liabilities N/A 29,523,000.00 29,523,000.00 30,050,000.00 N/A 29,153,000.00 23,158,000.00
Longterm Borrowings N/A 233,745,000.00 233,745,000.00 211,094,000.00 N/A 161,210,000.00 N/A
Noncurrent Portion Of Noncurrent Loans Received N/A N/A N/A N/A N/A 161,210,000.00 139,166,000.00
Current Liabilities N/A 688,098,000.00 688,098,000.00 639,017,000.00 N/A 722,065,000.00 806,906,000.00
Current Provisions N/A 5,008,000.00 N/A 756,000.00 N/A N/A N/A
Current Provisions For Employee Benefits N/A N/A 91,367,000.00 106,069,000.00 N/A 107,028,000.00 133,165,000.00
Other Shortterm Provisions N/A N/A 4,171,000.00 116,000.00 N/A 494,000.00 9,202,000.00
Trade And Other Current Payables N/A 435,366,000.00 424,430,000.00 367,751,000.00 N/A 506,812,000.00 551,211,000.00
Current Deferred Income Other Than Current Contract Liabilities N/A N/A N/A N/A N/A 7,158,000.00 14,843,000.00
Current Tax Liabilities Current N/A 4,284,000.00 4,284,000.00 11,037,000.00 N/A 3,914,000.00 55,043,000.00
Other Current Financial Liabilities N/A 11,608,000.00 11,608,000.00 12,148,000.00 N/A 12,170,000.00 8,055,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 149,983,000.00 149,983,000.00 136,278,000.00 N/A 84,489,000.00 35,387,000.00
Line item in (pln) 01.01.2019/
01.01.2020
01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 3,117,118,000.00 2,847,450,000.00 3,412,576,000.00 4,894,276,000.00
Revenue From Sale Of Goods 3,117,118,000.00 2,847,450,000.00 3,412,576,000.00 4,894,276,000.00
Other Income 78,111,000.00 65,280,000.00 73,749,000.00 85,778,000.00
Other Gains Losses N/A N/A 73,749,000.00 85,778,000.00
Profit Loss From Operating Activities 191,422,000.00 158,242,000.00 244,570,000.00 842,979,000.00
Finance Income 1,149,000.00 710,000.00 3,435,000.00 92,767,000.00
Finance Costs 34,640,000.00 36,633,000.00 24,890,000.00 8,169,000.00
Profit Loss Before Tax 157,931,000.00 122,319,000.00 223,115,000.00 927,577,000.00
Income Tax Expense Continuing Operations 33,250,000.00 18,734,000.00 47,208,000.00 170,755,000.00
Profit Loss From Continuing Operations N/A N/A 175,907,000.00 756,822,000.00
Profit (loss) 124,681,000.00 103,585,000.00 175,907,000.00 756,822,000.00
Profit Loss Attributable To Owners Of Parent 82,709,000.00 111,070,000.00 127,154,000.00 631,001,000.00
Profit Loss Attributable To Noncontrolling Interests 41,971,000.00 -7,485,000.00 48,753,000.00 125,821,000.00
Line item in (pln) 01.01.2020 02.01.2019 01.01.2021 02.01.2020 01.01.2022 02.01.2021 01.01.2023
Profit (loss) 124,681,000.00 N/A 103,585,000.00 N/A 175,907,000.00 N/A 756,822,000.00
Adjustments For Reconcile Profit Loss N/A N/A N/A N/A 46,256,000.00 N/A -255,264,000.00
Adjustments For Finance Costs 22,682,000.00 N/A 19,127,000.00 N/A N/A N/A N/A
Adjustments For Decrease Increase In Inventories 114,714,000.00 N/A 23,291,000.00 N/A -44,459,000.00 N/A -223,436,000.00
Adjustments For Depreciation And Amortisation Expense 86,609,000.00 N/A 113,126,000.00 N/A 114,672,000.00 N/A 130,994,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A N/A 0.00 N/A -31,486,000.00 N/A 0.00
Adjustments For Provisions 13,278,000.00 N/A -3,185,000.00 N/A 1,295,000.00 N/A -8,888,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains 748,000.00 N/A 1,608,000.00 N/A 3,200,000.00 N/A 7,371,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets 14,196,000.00 N/A 277,000.00 N/A 647,000.00 N/A 1,714,000.00
Other Adjustments To Reconcile Profit Loss 470,000.00 N/A 23,000.00 N/A -281,000.00 N/A -336,000.00
Adjustments For Reconcile Profit Loss N/A N/A N/A N/A 46,256,000.00 N/A -255,264,000.00
Cash Flows From Used In Operations N/A N/A N/A N/A 269,371,000.00 N/A 672,313,000.00
Income Taxes Paid Refund Classified As Operating Activities 10,271,000.00 N/A 11,514,000.00 N/A N/A N/A N/A
Other Inflows Outflows Of Cash Classified As Operating Activities 470,000.00 N/A 22,000.00 N/A N/A N/A N/A
Cash Flows From Used In Operating Activities 342,290,000.00 N/A 211,464,000.00 N/A 238,193,000.00 N/A 607,383,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 N/A 6,089,000.00 N/A 0.00 N/A N/A
Other Inflows Outflows Of Cash Classified As Investing Activities N/A N/A 0.00 N/A -550,000.00 N/A -1,000,000.00
Cash Flows From Used In Investing Activities 121,834,000.00 N/A -141,239,000.00 N/A -159,513,000.00 N/A -155,879,000.00
Proceeds From Borrowings Classified As Financing Activities N/A N/A 15,266,000.00 N/A 214,642,000.00 N/A 0.00
Repayments Of Borrowings Classified As Financing Activities N/A N/A 87,519,000.00 N/A 328,976,000.00 N/A 48,049,000.00
Payments Of Lease Liabilities Classified As Financing Activities 8,964,000.00 N/A 10,514,000.00 N/A 12,179,000.00 N/A 6,790,000.00
Interest Paid Classified As Financing Activities 22,281,000.00 N/A 18,605,000.00 N/A 17,924,000.00 N/A 3,634,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities 404,000.00 N/A 422,000.00 N/A 1,000.00 N/A 1,000.00
Cash Flows From Used In Financing Activities 152,939,000.00 N/A -100,950,000.00 N/A -162,068,000.00 N/A -124,588,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes 67,517,000.00 N/A -30,725,000.00 N/A -83,388,000.00 N/A 326,916,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 3,722,000.00 N/A 20,403,000.00 N/A -4,248,000.00 N/A -12,913,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A N/A N/A N/A -87,636,000.00 N/A 314,003,000.00
Cash and cash equivalents 265,885,000.00 202,090,000.00 255,563,000.00 265,885,000.00 167,927,000.00 255,563,000.00 481,930,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG / POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG / POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2020

Report
Q1
H1
Q3
FY
Consolidated Report
POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

PLARTPR00012

LEI

259400OI92UBLS9RJK55

Sector

Materials

Industry Group

Materials

Industry

Paper & Forest Products

Sub-Industry

Paper Products

Listed Stock Exchange

Warsaw Stock Exchange

Main Stock Exchange

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