View Future GrowthArctic Paper 과거 순이익 실적과거 기준 점검 0/6Arctic Paper 의 수입은 연평균 -26.2%의 비율로 감소해 온 반면, Forestry 산업은 연평균 8.2%의 비율로 감소했습니다. 매출은 연평균 2%의 비율로 감소해 왔습니다.핵심 정보-26.24%순이익 성장률-26.25%주당순이익(EPS) 성장률Forestry 산업 성장률10.35%매출 성장률-2.03%자기자본이익률-11.01%순이익률-3.38%다음 순이익 업데이트11 Aug 2026최근 과거 실적 업데이트Reported Earnings • Apr 22Full year 2025 earnings released: zł1.44 loss per share (vs zł2.23 profit in FY 2024)Full year 2025 results: zł1.44 loss per share (down from zł2.23 profit in FY 2024). Revenue: zł3.20b (down 6.9% from FY 2024). Net loss: zł99.7m (down 165% from profit in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공시 • Jan 16+ 3 more updatesArctic Paper S.A. to Report First Half, 2026 Results on Aug 11, 2026Arctic Paper S.A. announced that they will report first half, 2026 results on Aug 11, 2026Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: zł0.03 (vs zł0.44 in 3Q 2024)Third quarter 2025 results: EPS: zł0.03 (down from zł0.44 in 3Q 2024). Revenue: zł796.2m (down 2.8% from 3Q 2024). Net income: zł2.08m (down 93% from 3Q 2024). Profit margin: 0.3% (down from 3.8% in 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.공시 • Feb 18+ 4 more updatesArctic Paper S.A. to Report Q3, 2025 Results on Nov 06, 2025Arctic Paper S.A. announced that they will report Q3, 2025 results on Nov 06, 2025Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.44 (vs zł0.74 in 3Q 2023)Third quarter 2024 results: EPS: zł0.44 (down from zł0.74 in 3Q 2023). Revenue: zł819.3m (down 4.2% from 3Q 2023). Net income: zł30.8m (down 40% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: zł0.26 (vs zł0.57 in 2Q 2023)Second quarter 2024 results: EPS: zł0.26 (down from zł0.57 in 2Q 2023). Revenue: zł839.2m (flat on 2Q 2023). Net income: zł17.9m (down 55% from 2Q 2023). Profit margin: 2.1% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.모든 업데이트 보기Recent updatesReported Earnings • Apr 22Full year 2025 earnings released: zł1.44 loss per share (vs zł2.23 profit in FY 2024)Full year 2025 results: zł1.44 loss per share (down from zł2.23 profit in FY 2024). Revenue: zł3.20b (down 6.9% from FY 2024). Net loss: zł99.7m (down 165% from profit in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공시 • Feb 20+ 1 more updateArctic Paper S.A. Provides Consolidated and Standalone Earnings Guidance for the Fourth Quarter and Full Year 2025Arctic Paper S.A. provided consolidated and standalone earnings guidance for the fourth quarter and full year 2025. For the quarter on consolidated basis, the company estimated sales revenues PLN 745.1 million, estimated net loss of PLN 75.4 million. For the quarter, on standalone basis, the company estimated sales revenues PLN 4.6 million, estimated net loss of PLN 18.0 million. For the year, on consolidated basis, the company estimated sales revenues PLN 3,197.6 million, estimated net loss of PLN 175.4 million. For the year, on standalone basis, the company estimated sales revenues PLN 63.5 million, estimated net profit of PLN 16.1 million.공시 • Jan 16+ 3 more updatesArctic Paper S.A. to Report First Half, 2026 Results on Aug 11, 2026Arctic Paper S.A. announced that they will report first half, 2026 results on Aug 11, 2026Price Target Changed • Nov 13Price target decreased by 19% to kr38.50Down from kr47.50, the current price target is an average from 2 analysts. New target price is 84% above last closing price of kr20.95. Stock is down 54% over the past year. The company is forecast to post a net loss per share of zł0.68 compared to earnings per share of zł2.23 last year.New Risk • Nov 12New major risk - Revenue and earnings growthEarnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.2% per year over the past 5 years.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: zł0.03 (vs zł0.44 in 3Q 2024)Third quarter 2025 results: EPS: zł0.03 (down from zł0.44 in 3Q 2024). Revenue: zł796.2m (down 2.8% from 3Q 2024). Net income: zł2.08m (down 93% from 3Q 2024). Profit margin: 0.3% (down from 3.8% in 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr31.55, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Forestry industry in Europe. Total returns to shareholders of 26% over the past three years.공시 • May 19Arctic Paper S.A., Annual General Meeting, Jun 11, 2025Arctic Paper S.A., Annual General Meeting, Jun 11, 2025.New Risk • May 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).공시 • Feb 18+ 4 more updatesArctic Paper S.A. to Report Q3, 2025 Results on Nov 06, 2025Arctic Paper S.A. announced that they will report Q3, 2025 results on Nov 06, 2025New Risk • Jan 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • Nov 15Arctic Paper S.A. (WSE:ATC) signed an agreement to acquire 4-megawatt solar park in Poland from Coral W. Perkowski, J.perkowski Sp.k.Arctic Paper S.A. (WSE:ATC) signed an agreement to acquire 4-megawatt solar park in Poland from Coral W. Perkowski, J.perkowski Sp.k. on November 14, 2024.New Risk • Nov 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.44 (vs zł0.74 in 3Q 2023)Third quarter 2024 results: EPS: zł0.44 (down from zł0.74 in 3Q 2023). Revenue: zł819.3m (down 4.2% from 3Q 2023). Net income: zł30.8m (down 40% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: zł0.26 (vs zł0.57 in 2Q 2023)Second quarter 2024 results: EPS: zł0.26 (down from zł0.57 in 2Q 2023). Revenue: zł839.2m (flat on 2Q 2023). Net income: zł17.9m (down 55% from 2Q 2023). Profit margin: 2.1% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 04Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 11 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 84%. Trailing yield: 4.4%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (3.1%).공시 • May 30Arctic Paper Declares Dividend for the Year 2023, Payable on June 18, 2024Arctic Paper's ordinary general meeting decided to pay a total dividend of PLN 69.29 million (EUR 16.24 million) from 2023 profit, which translates into PLN 1 (EUR 0.23) per share. The dividend date was set as June 12, 2024 and the dividend payment date as June 18, 2024.Reported Earnings • May 15First quarter 2024 earnings released: EPS: zł1.19 (vs zł1.07 in 1Q 2023)First quarter 2024 results: EPS: zł1.19 (up from zł1.07 in 1Q 2023). Revenue: zł965.4m (up 3.3% from 1Q 2023). Net income: zł82.5m (up 12% from 1Q 2023). Profit margin: 8.5% (up from 7.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • May 15Dividend of zł1.00 announcedShareholders will receive a dividend of zł1.00. Ex-date: 11th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 03Arctic Paper S.A., Annual General Meeting, May 29, 2024Arctic Paper S.A., Annual General Meeting, May 29, 2024, at 13:00 Central European Standard Time. Location: Fabryczna 1 street Kostrzyn Nad Odra Poland Agenda: To adopting a resolution on non-appointment of a Returning Committee of the Shareholders Meeting; to consider a resolution on the consideration and approval of the Management Board's report on the operations of the Company for the financial year 2023; to consider a resolution on the consideration and approval of the Company's financial statement for the financial year 2023; to consider the Management Board's report on the operations of the Company's Capital Group for the financial year 2023; to consider adoption of a resolution on appointment of Company's Supervisory Board for next term of office; and to consider any other matters.공시 • Apr 23Arctic Paper S.A. Recommends Dividend for the Year 2023Arctic Paper S.A. announced that on April 22nd 2024 it received information that the Supervisory Board of the Company adopted a resolution approving the submission to the Ordinary Shareholders Meeting of the recommendation of the Management’s Board regarding the payment of dividend to the shareholders from part of the Company's net profit of the financial year 2023 in the amount of PLN 69,287,783.00. The dividend per share will amount to PLN 1.00 gross. The Management Board’s recommendation and the Supervisory Board’s opinion will be presented as a subject of the resolution of the Ordinary Shareholders Meeting. The final decision on the distribution of the Company's net profit of 2023 and the payment of dividend will be taken by the Ordinary Shareholders Meeting.Reported Earnings • Apr 10Full year 2023 earnings released: EPS: zł3.57 (vs zł9.11 in FY 2022)Full year 2023 results: EPS: zł3.57 (down from zł9.11 in FY 2022). Revenue: zł3.55b (down 28% from FY 2022). Net income: zł247.1m (down 61% from FY 2022). Profit margin: 7.0% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: zł0.74 (vs zł3.20 in 3Q 2022)Third quarter 2023 results: EPS: zł0.74 (down from zł3.20 in 3Q 2022). Revenue: zł854.8m (down 39% from 3Q 2022). Net income: zł51.5m (down 77% from 3Q 2022). Profit margin: 6.0% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Sweden are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.공시 • Nov 08Arctic Paper Provides Production Guidance for the Year 2024Arctic Paper provided production guidance for the year 2024. For the year, the company expects to increase production of paper and cellulose year-on-year.Buying Opportunity • Oct 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be kr46.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 22% in 2 years. Earnings is forecast to decline by 60% in the next 2 years.Buying Opportunity • Sep 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be kr46.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 22% in 2 years. Earnings is forecast to decline by 60% in the next 2 years.New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: zł0.57 (vs zł3.12 in 2Q 2022)Second quarter 2023 results: EPS: zł0.57 (down from zł3.12 in 2Q 2022). Revenue: zł836.2m (down 36% from 2Q 2022). Net income: zł39.8m (down 82% from 2Q 2022). Profit margin: 4.8% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.9% p.a. on average during the next 3 years, while revenues in the Forestry industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.공시 • Aug 10Arctic Paper S.A. Appoints Fabian Langenskiöld as A Member of the Company's Management Board with Effect from August 14, 2023Arctic Paper S.A. has appointed Fabian Langenskiöld as a member of the company's management board with effect from August 14, 2023. Fabian Langenskiöld joined Arctic Paper in 2019 and holds the position of Executive Vice President of Sales & Marketing. Fabian Langenskiöld has a Master of Science in Economics from the Hanken School of Economics in Helsinki, Finland. He has many years of marketing and sales experience in the paper industry and has held key positions at companies such as Stora Enso and Shandong Chenming Paper Holdings.공시 • Aug 04Arctic Paper S.A. Provides Earnings Guidance for the Second Quarter of 2023Arctic Paper S.A. provided earnings guidance for the second quarter of 2023. The company expects an EBITDA result for the second quarter of 2023 in the range of PLN 60- PLN 70 million, which is lower than current market estimates. The lower result is due to a significantly lower revenue of PLN 836 million (1,296); this in turn is due to the general economic slowdown and customers destocking. Arctic Paper focuses on margins and has adapted production with a high degree of cost efficiency to meet the weaker market.Buying Opportunity • Jun 09Now 24% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be kr85.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 75%.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr70.00, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 10x in the Forestry industry in Sweden. Total returns to shareholders of 647% over the past three years.공시 • Jun 07Arctic Paper S.A. Dividend for the Financial Year 2022, Payable on 21 June 2023Arctic Paper S.A. at the AGM held on 6 June 2023, decided to allocate part of the Company's net profit of the financial year 2022, in the amount of PLN 187,077,014.10 for payment of dividend among the Company's shareholders. The dividend per share will amount to PLN 2.70 gross. Ordinary Shareholders Meeting set a dividend day on 15 June 2023 and dividend payment date on 21 June 2023.Upcoming Dividend • Jun 07Upcoming dividend of zł2.70 per share at 11% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Swedish dividend payers (5.4%). Higher than average of industry peers (2.7%).Buying Opportunity • May 17Now 21% undervaluedOver the last 90 days, the stock is up 4.7%. The fair value is estimated to be kr70.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 74%. Revenue is forecast to decline by 9.2% in a year. Earnings is forecast to decline by 29% in the next year.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr53.80, the stock trades at a trailing P/E ratio of 2.3x. Average forward P/E is 10x in the Forestry industry in Sweden. Total returns to shareholders of 486% over the past three years.공시 • May 12Arctic Paper S.A., Annual General Meeting, Jun 06, 2023Arctic Paper S.A., Annual General Meeting, Jun 06, 2023. Location: head office at Fabryczna 1 street, 66-470 Kostrzyn nad Odr Kostrzyn Poland Agenda: To consider adopting a resolution on non-appointment of a Returning Committee of the Shareholders Meeting; to consider adopting a resolution on the consideration and approval of the Management Board's report on the operations of the Company for the financial year 2021; to consider adopting a resolution on the consideration and approval of the Company's financial statement for the financial year 2022; and to transact such other business matter.공시 • May 10+ 2 more updatesArctic Paper S.A. Announces Executive ChangesArctic Paper S.A. informed that on 9th of May 2023, a Member of the Management Board Mr. Göran Eklund resigned from the position of Member of the Company's Management Board and the Company's Financial Director with effect as of 29th of May 2023. The reason for resignation is retirement. At the same time the Management Board of Arctic Paper S.A. informs that the Supervisory Board by resolution dated 9th of May 2023 appointed with effect as of 29th of May 2023, Mrs. Katarzyna Wojtkowiak as Member of the Management Board of the Company. She will also hold the position of Chief Financial Officer. Mrs. Katarzyna Wojtkowiak has many years of experience in positions in financial departments. She has been associated with the Arctic Paper Group for 11 years, where she was the Chief Accountant and Group Treasury. Ms. Katarzyna Wojtkowiak graduated from the Pozna University of Economics with a specialization in Capital Investments and Corporate Financial Strategies. She is also a certified auditor and a member of the Association of Chartered Certified Accountants (ACCA).Reported Earnings • Mar 30Full year 2022 earnings released: EPS: zł9.11 (vs zł1.84 in FY 2021)Full year 2022 results: EPS: zł9.11 (up from zł1.84 in FY 2021). Revenue: zł4.89b (up 43% from FY 2021). Net income: zł631.0m (up 396% from FY 2021). Profit margin: 13% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 9.9% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Forestry industry in Sweden. Over the last 3 years on average, earnings per share has increased by 74% per year whereas the company’s share price has increased by 72% per year.공시 • Feb 17Arctic Paper S.A. Recommends Dividend for the Year 2022Arctic Paper S.A. announced that Management Board will recommend a dividend of PLN 2.7 per share for the year 2022.Buying Opportunity • Feb 14Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be kr65.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 71%.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr58.40, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 5x in the Forestry industry in Sweden. Total returns to shareholders of 465% over the past three years.공시 • Jan 04Arctic Paper S.A.(OM:ARP) dropped from OMX Nordic Small Cap IndexArctic Paper Spólka Akcyjna has been removed from OMX Nordic Small Cap Index공시 • Jan 03+ 3 more updatesArctic Paper S.A. to Report Q3, 2023 Results on Nov 07, 2023Arctic Paper S.A. announced that they will report Q3, 2023 results on Nov 07, 2023Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: zł3.20 (vs zł0.53 in 3Q 2021)Third quarter 2022 results: EPS: zł3.20 (up from zł0.53 in 3Q 2021). Revenue: zł1.40b (up 58% from 3Q 2021). Net income: zł221.9m (up zł185.0m from 3Q 2021). Profit margin: 16% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 74% per year.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr47.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Forestry industry in Sweden. Total returns to shareholders of 505% over the past three years.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to kr38.80, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 6x in the Forestry industry in Sweden. Total returns to shareholders of 482% over the past three years.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to kr50.30, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Forestry industry in Sweden. Total returns to shareholders of 709% over the past three years.Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr35.20, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Forestry industry in Sweden. Total returns to shareholders of 404% over the past three years.Upcoming Dividend • Jun 22Upcoming dividend of zł0.40 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (2.0%).Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr30.90, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Forestry industry in Sweden. Total returns to shareholders of 426% over the past three years.Reported Earnings • May 10First quarter 2022 earnings released: EPS: zł1.74 (vs zł0.42 in 1Q 2021)First quarter 2022 results: EPS: zł1.74 (up from zł0.42 in 1Q 2021). Revenue: zł1.11b (up 42% from 1Q 2021). Net income: zł120.7m (up 315% from 1Q 2021). Profit margin: 11% (up from 3.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr27.45, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 16x in the Forestry industry in Sweden. Total returns to shareholders of 323% over the past three years.Buying Opportunity • Feb 24Now 23% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be zł23.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 50% per annum over the last 3 years.Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł2.54 (up from zł1.60 in FY 2020). Revenue: zł3.41b (up 20% from FY 2020). Net income: zł175.9m (up 58% from FY 2020). Profit margin: 5.2% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS zł0.53 (vs zł0.64 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: zł889.7m (up 27% from 3Q 2020). Net income: zł36.8m (down 17% from 3Q 2020). Profit margin: 4.1% (down from 6.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS zł0.27 (vs zł0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł786.6m (up 28% from 2Q 2020). Net income: zł18.4m (up 76% from 2Q 2020). Profit margin: 2.3% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 24Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 30 June 2021. Payment date: 14 July 2021. Trailing yield: 4.9%. Within top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (2.8%).Reported Earnings • May 16First quarter 2021 earnings released: EPS zł0.42 (vs zł0.79 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł782.8m (down 3.8% from 1Q 2020). Net income: zł29.1m (down 47% from 1Q 2020). Profit margin: 3.7% (down from 6.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł15.36, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 19x in the Forestry industry in Europe. Total returns to shareholders of 74% over the past three years.Reported Earnings • Mar 04Full year 2020 earnings released: EPS zł1.50 (vs zł1.19 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.85b (down 8.7% from FY 2019). Net income: zł103.6m (up 25% from FY 2019). Profit margin: 3.6% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł15.75, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 67%.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to zł14.55, the stock is trading at a trailing P/E ratio of 3.6x, up from the previous P/E ratio of 3.1x. This compares to an average P/E of 15x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 51%.Is New 90 Day High Low • Jan 04New 90-day high: kr13.30The company is up 46% from its price of kr9.10 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period.Is New 90 Day High Low • Dec 08New 90-day high: kr12.30The company is up 41% from its price of kr8.70 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period.Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 21% share price gain to zł10.65, the stock is trading at a trailing P/E ratio of 3.3x, up from the previous P/E ratio of 2.7x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 29%.Is New 90 Day High Low • Nov 16New 90-day high: kr10.65The company is up 13% from its price of kr9.46 on 18 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period.매출 및 비용 세부 내역Arctic Paper가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OM:ARP 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비31 Mar 263,189-108450031 Dec 253,198-100455030 Sep 253,263-33475030 Jun 253,286-5479031 Mar 253,29259468031 Dec 243,435154470030 Sep 243,450179478030 Jun 243,485200468031 Mar 243,482222469031 Dec 233,549247466030 Sep 233,808272489030 Jun 234,356442539031 Mar 234,816618583031 Dec 224,894631584030 Sep 224,763601573030 Jun 224,250416537031 Mar 223,741219498031 Dec 213,413127485030 Sep 213,17486460030 Jun 212,98793440031 Mar 212,81685414031 Dec 202,847111414030 Sep 202,872120418030 Jun 202,964102423031 Mar 203,110123434031 Dec 193,11783427030 Sep 193,14634439030 Jun 193,16933439031 Mar 193,1915440031 Dec 183,1588440030 Sep 183,13031428030 Jun 183,04827427031 Mar 182,96731467031 Dec 172,95342442030 Sep 172,92061444030 Jun 172,94465446031 Mar 172,96261447031 Dec 162,96746446030 Sep 162,97039418030 Jun 162,94124386031 Mar 162,90830314031 Dec 152,90026332030 Sep 152,89153336030 Jun 152,888733420양질의 수익: ARP 은(는) 현재 수익성이 없습니다.이익 마진 증가: ARP는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ARP은 수익성이 없으며 지난 5년 동안 손실이 연평균 26.2% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 ARP의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: ARP은 수익성이 없어 지난 해 수익 성장률을 Forestry 업계(-24%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: ARP는 현재 수익성이 없으므로 자본 수익률이 음수(-11.01%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 12:33종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Arctic Paper S.A.는 8명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal Colliernull nullABG Sundal Collier SponsoredBeata Szparaga-WasniewskaBiuro maklerskie mBanku5명의 분석가 더 보기
Reported Earnings • Apr 22Full year 2025 earnings released: zł1.44 loss per share (vs zł2.23 profit in FY 2024)Full year 2025 results: zł1.44 loss per share (down from zł2.23 profit in FY 2024). Revenue: zł3.20b (down 6.9% from FY 2024). Net loss: zł99.7m (down 165% from profit in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공시 • Jan 16+ 3 more updatesArctic Paper S.A. to Report First Half, 2026 Results on Aug 11, 2026Arctic Paper S.A. announced that they will report first half, 2026 results on Aug 11, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: zł0.03 (vs zł0.44 in 3Q 2024)Third quarter 2025 results: EPS: zł0.03 (down from zł0.44 in 3Q 2024). Revenue: zł796.2m (down 2.8% from 3Q 2024). Net income: zł2.08m (down 93% from 3Q 2024). Profit margin: 0.3% (down from 3.8% in 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
공시 • Feb 18+ 4 more updatesArctic Paper S.A. to Report Q3, 2025 Results on Nov 06, 2025Arctic Paper S.A. announced that they will report Q3, 2025 results on Nov 06, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.44 (vs zł0.74 in 3Q 2023)Third quarter 2024 results: EPS: zł0.44 (down from zł0.74 in 3Q 2023). Revenue: zł819.3m (down 4.2% from 3Q 2023). Net income: zł30.8m (down 40% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: zł0.26 (vs zł0.57 in 2Q 2023)Second quarter 2024 results: EPS: zł0.26 (down from zł0.57 in 2Q 2023). Revenue: zł839.2m (flat on 2Q 2023). Net income: zł17.9m (down 55% from 2Q 2023). Profit margin: 2.1% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 22Full year 2025 earnings released: zł1.44 loss per share (vs zł2.23 profit in FY 2024)Full year 2025 results: zł1.44 loss per share (down from zł2.23 profit in FY 2024). Revenue: zł3.20b (down 6.9% from FY 2024). Net loss: zł99.7m (down 165% from profit in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공시 • Feb 20+ 1 more updateArctic Paper S.A. Provides Consolidated and Standalone Earnings Guidance for the Fourth Quarter and Full Year 2025Arctic Paper S.A. provided consolidated and standalone earnings guidance for the fourth quarter and full year 2025. For the quarter on consolidated basis, the company estimated sales revenues PLN 745.1 million, estimated net loss of PLN 75.4 million. For the quarter, on standalone basis, the company estimated sales revenues PLN 4.6 million, estimated net loss of PLN 18.0 million. For the year, on consolidated basis, the company estimated sales revenues PLN 3,197.6 million, estimated net loss of PLN 175.4 million. For the year, on standalone basis, the company estimated sales revenues PLN 63.5 million, estimated net profit of PLN 16.1 million.
공시 • Jan 16+ 3 more updatesArctic Paper S.A. to Report First Half, 2026 Results on Aug 11, 2026Arctic Paper S.A. announced that they will report first half, 2026 results on Aug 11, 2026
Price Target Changed • Nov 13Price target decreased by 19% to kr38.50Down from kr47.50, the current price target is an average from 2 analysts. New target price is 84% above last closing price of kr20.95. Stock is down 54% over the past year. The company is forecast to post a net loss per share of zł0.68 compared to earnings per share of zł2.23 last year.
New Risk • Nov 12New major risk - Revenue and earnings growthEarnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.2% per year over the past 5 years.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: zł0.03 (vs zł0.44 in 3Q 2024)Third quarter 2025 results: EPS: zł0.03 (down from zł0.44 in 3Q 2024). Revenue: zł796.2m (down 2.8% from 3Q 2024). Net income: zł2.08m (down 93% from 3Q 2024). Profit margin: 0.3% (down from 3.8% in 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr31.55, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Forestry industry in Europe. Total returns to shareholders of 26% over the past three years.
공시 • May 19Arctic Paper S.A., Annual General Meeting, Jun 11, 2025Arctic Paper S.A., Annual General Meeting, Jun 11, 2025.
New Risk • May 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).
공시 • Feb 18+ 4 more updatesArctic Paper S.A. to Report Q3, 2025 Results on Nov 06, 2025Arctic Paper S.A. announced that they will report Q3, 2025 results on Nov 06, 2025
New Risk • Jan 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • Nov 15Arctic Paper S.A. (WSE:ATC) signed an agreement to acquire 4-megawatt solar park in Poland from Coral W. Perkowski, J.perkowski Sp.k.Arctic Paper S.A. (WSE:ATC) signed an agreement to acquire 4-megawatt solar park in Poland from Coral W. Perkowski, J.perkowski Sp.k. on November 14, 2024.
New Risk • Nov 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.44 (vs zł0.74 in 3Q 2023)Third quarter 2024 results: EPS: zł0.44 (down from zł0.74 in 3Q 2023). Revenue: zł819.3m (down 4.2% from 3Q 2023). Net income: zł30.8m (down 40% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: zł0.26 (vs zł0.57 in 2Q 2023)Second quarter 2024 results: EPS: zł0.26 (down from zł0.57 in 2Q 2023). Revenue: zł839.2m (flat on 2Q 2023). Net income: zł17.9m (down 55% from 2Q 2023). Profit margin: 2.1% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 04Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 11 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 84%. Trailing yield: 4.4%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (3.1%).
공시 • May 30Arctic Paper Declares Dividend for the Year 2023, Payable on June 18, 2024Arctic Paper's ordinary general meeting decided to pay a total dividend of PLN 69.29 million (EUR 16.24 million) from 2023 profit, which translates into PLN 1 (EUR 0.23) per share. The dividend date was set as June 12, 2024 and the dividend payment date as June 18, 2024.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: zł1.19 (vs zł1.07 in 1Q 2023)First quarter 2024 results: EPS: zł1.19 (up from zł1.07 in 1Q 2023). Revenue: zł965.4m (up 3.3% from 1Q 2023). Net income: zł82.5m (up 12% from 1Q 2023). Profit margin: 8.5% (up from 7.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • May 15Dividend of zł1.00 announcedShareholders will receive a dividend of zł1.00. Ex-date: 11th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 03Arctic Paper S.A., Annual General Meeting, May 29, 2024Arctic Paper S.A., Annual General Meeting, May 29, 2024, at 13:00 Central European Standard Time. Location: Fabryczna 1 street Kostrzyn Nad Odra Poland Agenda: To adopting a resolution on non-appointment of a Returning Committee of the Shareholders Meeting; to consider a resolution on the consideration and approval of the Management Board's report on the operations of the Company for the financial year 2023; to consider a resolution on the consideration and approval of the Company's financial statement for the financial year 2023; to consider the Management Board's report on the operations of the Company's Capital Group for the financial year 2023; to consider adoption of a resolution on appointment of Company's Supervisory Board for next term of office; and to consider any other matters.
공시 • Apr 23Arctic Paper S.A. Recommends Dividend for the Year 2023Arctic Paper S.A. announced that on April 22nd 2024 it received information that the Supervisory Board of the Company adopted a resolution approving the submission to the Ordinary Shareholders Meeting of the recommendation of the Management’s Board regarding the payment of dividend to the shareholders from part of the Company's net profit of the financial year 2023 in the amount of PLN 69,287,783.00. The dividend per share will amount to PLN 1.00 gross. The Management Board’s recommendation and the Supervisory Board’s opinion will be presented as a subject of the resolution of the Ordinary Shareholders Meeting. The final decision on the distribution of the Company's net profit of 2023 and the payment of dividend will be taken by the Ordinary Shareholders Meeting.
Reported Earnings • Apr 10Full year 2023 earnings released: EPS: zł3.57 (vs zł9.11 in FY 2022)Full year 2023 results: EPS: zł3.57 (down from zł9.11 in FY 2022). Revenue: zł3.55b (down 28% from FY 2022). Net income: zł247.1m (down 61% from FY 2022). Profit margin: 7.0% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: zł0.74 (vs zł3.20 in 3Q 2022)Third quarter 2023 results: EPS: zł0.74 (down from zł3.20 in 3Q 2022). Revenue: zł854.8m (down 39% from 3Q 2022). Net income: zł51.5m (down 77% from 3Q 2022). Profit margin: 6.0% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Sweden are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Nov 08Arctic Paper Provides Production Guidance for the Year 2024Arctic Paper provided production guidance for the year 2024. For the year, the company expects to increase production of paper and cellulose year-on-year.
Buying Opportunity • Oct 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be kr46.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 22% in 2 years. Earnings is forecast to decline by 60% in the next 2 years.
Buying Opportunity • Sep 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be kr46.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to decline by 22% in 2 years. Earnings is forecast to decline by 60% in the next 2 years.
New Risk • Sep 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: zł0.57 (vs zł3.12 in 2Q 2022)Second quarter 2023 results: EPS: zł0.57 (down from zł3.12 in 2Q 2022). Revenue: zł836.2m (down 36% from 2Q 2022). Net income: zł39.8m (down 82% from 2Q 2022). Profit margin: 4.8% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 7.9% p.a. on average during the next 3 years, while revenues in the Forestry industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
공시 • Aug 10Arctic Paper S.A. Appoints Fabian Langenskiöld as A Member of the Company's Management Board with Effect from August 14, 2023Arctic Paper S.A. has appointed Fabian Langenskiöld as a member of the company's management board with effect from August 14, 2023. Fabian Langenskiöld joined Arctic Paper in 2019 and holds the position of Executive Vice President of Sales & Marketing. Fabian Langenskiöld has a Master of Science in Economics from the Hanken School of Economics in Helsinki, Finland. He has many years of marketing and sales experience in the paper industry and has held key positions at companies such as Stora Enso and Shandong Chenming Paper Holdings.
공시 • Aug 04Arctic Paper S.A. Provides Earnings Guidance for the Second Quarter of 2023Arctic Paper S.A. provided earnings guidance for the second quarter of 2023. The company expects an EBITDA result for the second quarter of 2023 in the range of PLN 60- PLN 70 million, which is lower than current market estimates. The lower result is due to a significantly lower revenue of PLN 836 million (1,296); this in turn is due to the general economic slowdown and customers destocking. Arctic Paper focuses on margins and has adapted production with a high degree of cost efficiency to meet the weaker market.
Buying Opportunity • Jun 09Now 24% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be kr85.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 75%.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr70.00, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 10x in the Forestry industry in Sweden. Total returns to shareholders of 647% over the past three years.
공시 • Jun 07Arctic Paper S.A. Dividend for the Financial Year 2022, Payable on 21 June 2023Arctic Paper S.A. at the AGM held on 6 June 2023, decided to allocate part of the Company's net profit of the financial year 2022, in the amount of PLN 187,077,014.10 for payment of dividend among the Company's shareholders. The dividend per share will amount to PLN 2.70 gross. Ordinary Shareholders Meeting set a dividend day on 15 June 2023 and dividend payment date on 21 June 2023.
Upcoming Dividend • Jun 07Upcoming dividend of zł2.70 per share at 11% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Swedish dividend payers (5.4%). Higher than average of industry peers (2.7%).
Buying Opportunity • May 17Now 21% undervaluedOver the last 90 days, the stock is up 4.7%. The fair value is estimated to be kr70.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 74%. Revenue is forecast to decline by 9.2% in a year. Earnings is forecast to decline by 29% in the next year.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr53.80, the stock trades at a trailing P/E ratio of 2.3x. Average forward P/E is 10x in the Forestry industry in Sweden. Total returns to shareholders of 486% over the past three years.
공시 • May 12Arctic Paper S.A., Annual General Meeting, Jun 06, 2023Arctic Paper S.A., Annual General Meeting, Jun 06, 2023. Location: head office at Fabryczna 1 street, 66-470 Kostrzyn nad Odr Kostrzyn Poland Agenda: To consider adopting a resolution on non-appointment of a Returning Committee of the Shareholders Meeting; to consider adopting a resolution on the consideration and approval of the Management Board's report on the operations of the Company for the financial year 2021; to consider adopting a resolution on the consideration and approval of the Company's financial statement for the financial year 2022; and to transact such other business matter.
공시 • May 10+ 2 more updatesArctic Paper S.A. Announces Executive ChangesArctic Paper S.A. informed that on 9th of May 2023, a Member of the Management Board Mr. Göran Eklund resigned from the position of Member of the Company's Management Board and the Company's Financial Director with effect as of 29th of May 2023. The reason for resignation is retirement. At the same time the Management Board of Arctic Paper S.A. informs that the Supervisory Board by resolution dated 9th of May 2023 appointed with effect as of 29th of May 2023, Mrs. Katarzyna Wojtkowiak as Member of the Management Board of the Company. She will also hold the position of Chief Financial Officer. Mrs. Katarzyna Wojtkowiak has many years of experience in positions in financial departments. She has been associated with the Arctic Paper Group for 11 years, where she was the Chief Accountant and Group Treasury. Ms. Katarzyna Wojtkowiak graduated from the Pozna University of Economics with a specialization in Capital Investments and Corporate Financial Strategies. She is also a certified auditor and a member of the Association of Chartered Certified Accountants (ACCA).
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: zł9.11 (vs zł1.84 in FY 2021)Full year 2022 results: EPS: zł9.11 (up from zł1.84 in FY 2021). Revenue: zł4.89b (up 43% from FY 2021). Net income: zł631.0m (up 396% from FY 2021). Profit margin: 13% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 9.9% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Forestry industry in Sweden. Over the last 3 years on average, earnings per share has increased by 74% per year whereas the company’s share price has increased by 72% per year.
공시 • Feb 17Arctic Paper S.A. Recommends Dividend for the Year 2022Arctic Paper S.A. announced that Management Board will recommend a dividend of PLN 2.7 per share for the year 2022.
Buying Opportunity • Feb 14Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be kr65.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 71%.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr58.40, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 5x in the Forestry industry in Sweden. Total returns to shareholders of 465% over the past three years.
공시 • Jan 04Arctic Paper S.A.(OM:ARP) dropped from OMX Nordic Small Cap IndexArctic Paper Spólka Akcyjna has been removed from OMX Nordic Small Cap Index
공시 • Jan 03+ 3 more updatesArctic Paper S.A. to Report Q3, 2023 Results on Nov 07, 2023Arctic Paper S.A. announced that they will report Q3, 2023 results on Nov 07, 2023
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: zł3.20 (vs zł0.53 in 3Q 2021)Third quarter 2022 results: EPS: zł3.20 (up from zł0.53 in 3Q 2021). Revenue: zł1.40b (up 58% from 3Q 2021). Net income: zł221.9m (up zł185.0m from 3Q 2021). Profit margin: 16% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 74% per year.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr47.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Forestry industry in Sweden. Total returns to shareholders of 505% over the past three years.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to kr38.80, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 6x in the Forestry industry in Sweden. Total returns to shareholders of 482% over the past three years.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to kr50.30, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Forestry industry in Sweden. Total returns to shareholders of 709% over the past three years.
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr35.20, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Forestry industry in Sweden. Total returns to shareholders of 404% over the past three years.
Upcoming Dividend • Jun 22Upcoming dividend of zł0.40 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr30.90, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Forestry industry in Sweden. Total returns to shareholders of 426% over the past three years.
Reported Earnings • May 10First quarter 2022 earnings released: EPS: zł1.74 (vs zł0.42 in 1Q 2021)First quarter 2022 results: EPS: zł1.74 (up from zł0.42 in 1Q 2021). Revenue: zł1.11b (up 42% from 1Q 2021). Net income: zł120.7m (up 315% from 1Q 2021). Profit margin: 11% (up from 3.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr27.45, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 16x in the Forestry industry in Sweden. Total returns to shareholders of 323% over the past three years.
Buying Opportunity • Feb 24Now 23% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be zł23.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 50% per annum over the last 3 years.
Reported Earnings • Feb 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł2.54 (up from zł1.60 in FY 2020). Revenue: zł3.41b (up 20% from FY 2020). Net income: zł175.9m (up 58% from FY 2020). Profit margin: 5.2% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS zł0.53 (vs zł0.64 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: zł889.7m (up 27% from 3Q 2020). Net income: zł36.8m (down 17% from 3Q 2020). Profit margin: 4.1% (down from 6.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS zł0.27 (vs zł0.15 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł786.6m (up 28% from 2Q 2020). Net income: zł18.4m (up 76% from 2Q 2020). Profit margin: 2.3% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 24Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 30 June 2021. Payment date: 14 July 2021. Trailing yield: 4.9%. Within top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (2.8%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS zł0.42 (vs zł0.79 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł782.8m (down 3.8% from 1Q 2020). Net income: zł29.1m (down 47% from 1Q 2020). Profit margin: 3.7% (down from 6.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł15.36, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 19x in the Forestry industry in Europe. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS zł1.50 (vs zł1.19 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.85b (down 8.7% from FY 2019). Net income: zł103.6m (up 25% from FY 2019). Profit margin: 3.6% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł15.75, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 67%.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to zł14.55, the stock is trading at a trailing P/E ratio of 3.6x, up from the previous P/E ratio of 3.1x. This compares to an average P/E of 15x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 51%.
Is New 90 Day High Low • Jan 04New 90-day high: kr13.30The company is up 46% from its price of kr9.10 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period.
Is New 90 Day High Low • Dec 08New 90-day high: kr12.30The company is up 41% from its price of kr8.70 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period.
Valuation Update With 7 Day Price Move • Nov 16Market bids up stock over the past weekAfter last week's 21% share price gain to zł10.65, the stock is trading at a trailing P/E ratio of 3.3x, up from the previous P/E ratio of 2.7x. This compares to an average P/E of 14x in the Forestry industry in Europe. Total returns to shareholders over the past three years are 29%.
Is New 90 Day High Low • Nov 16New 90-day high: kr10.65The company is up 13% from its price of kr9.46 on 18 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period.