Arctic Paper AB: Consolidated report for Q3 2024

The Management Board of Arctic Paper S.A. (hereinafter "Company") herewith

publishes the Arctic Paper SA Capital Group consolidated quarterly report for 3Q 2024.

Selected consolidated financial data

Continuing operations
Sales revenues		2 623 866	2 723 265	609 892	593 897
Operating profit (loss)		173 013	289 995	40 215	63 243
Gross profit (loss)		171 630	289 684	39 894	63 175
Net profit / (loss) for the period		142 330	236 780	33 083	51 638
Net profit / (loss) attributable to the shareholders of the Parent Entity		131 196	199 142	30 495	43 429
Net cash flows from operating activities		78 760	345 138	18 307	75 269
Net cash flows from investing activities		(283 063)	(69 615)	(65 795)	(15 182)
Net cash flows from financing activities		(35 883)	(252 250)	(8 341)	(55 011)
Change in cash and cash equivalents		(240 186)	23 273	(55 829)	5 075
Weighted average number of ordinary shares		69 287 783	69 287 783	69 287 783	69 287 783
Diluted weighted average number of ordinary shares		69 287 783	69 287 783	69 287 783	69 287 783
EPS (in PLN/EUR)		1,89	2,87	0,44	0,63
Diluted EPS (in PLN/EUR)		1,89	2,87	0,44	0,63
Mean PLN/EUR exchange rate*				4,3022	4,5854
		As at 30 September 2024	As at 31 December 2023	As at 30 September 2024	As at 31 December 2023
		PLN'000	PLN'000	EUR'000	EUR'000
Assets		2 723 447	2 722 877	636 453	626 237
Long-term liabilities		265 913	279 753	62 142	64 341
Short-term liabilities		674 762	641 617	157 688	147 566
Equity		1 782 775	1 801 509	416 624	414 330
Share capital		69 288	69 288	16 192	15 936
Number of ordinary shares		69 287 783	69 287 783	69 287 783	69 287 783
Diluted number of ordinary shares		69 287 783	69 287 783	69 287 783	69 287 783
Book value per share (in PLN/EUR)		25,73	26,00	6,01	5,98
Diluted book value per share (in PLN/EUR)		25,73	26,00	6,01	5,98
Declared or paid dividend (in PLN/EUR)		69 287 783	187 077 014	16 192 139	43 025 992,18
Declared or paid dividend per share (in PLN/EUR)		1,00	2,70	0,23	0,62
PLN/EUR exchange rate at the end of the period**		-	-	4,2791	4,3480

Selected standalone financial data
		Period from 01.01.2024 to 30.09.2024	Period from 01.01.2023 to 30.09.2023	Period from 01.01.2024 to 30.09.2024	Period from 01.01.2023 to 30.09.2023
		PLN'000	PLN'000	EUR'000	EUR'000
Sales revenues		118 703	191 416	27 591	41 745
Operating profit/(loss)		94 429	172 121	21 949	37 537
Gross profit/(loss)		96 378	170 214	22 402	37 121
Net profit/(loss) from continuing operations		96 378	170 214	22 402	37 121
Net profit/(loss) for the financial year		99 429	171 968	23 111	37 503
Net cash flows from operating activities		(51 897)	224 361	(12 063)	48 929
Net cash flows from investing activities		(531)	(25 872)	(123)	(5 642)
Net cash flows from financing activities		(84 487)	(188 423)	(19 638)	(41 092)
Change in cash and cash equivalents		(136 914)	10 065	(31 824)	2 195
Weighted average number of ordinary shares		69287 783	69287 783	69287 783	69287 783
Diluted weighted average number of ordinary shares		69287 783	69287 783	69287 783	69287 783
EPS (in PLN/EUR)		1,44	2,48	0,33	0,54
Diluted EPS (in PLN/EUR)		1,44	2,48	0,33	0,54
Mean PLN/EUR exchange rate*				4,3022	4,59
		As at 30 September 2024	As at 31 December 2023	As at 30 September 2024	As at 31 December 2023
		PLN'000	PLN'000	EUR'000	EUR'000
Assets		1169 521	1287 686	273 310	296 156
Long-term liabilities		39 688	44 668	9 275	10 273
Short-term liabilities		262 887	405 043	61 435	93 156
Equity		866 949	837 975	202 601	192 727
Share capital		69 288	69 288	16 192	15 935
Number of ordinary shares		69287 783	69287 783	69287 783	69287 783
Diluted number of ordinary shares		69287 783	69287 783	69287 783	69287 783
Book value per share (in PLN/EUR)		12,51	12,09	2,92	2,78
Diluted book value per share (in PLN/EUR)		12,51	12,09	2,92	2,78
Declared or paid dividend (in PLN/EUR)		69 287 783	187077 014	16192 139	43025 992
Declared or paid dividend per share (in PLN/EUR)		1,00	2,70	0,23	0,62
PLN/EUR exchange rate at the end of the period**		0,00	0,00	4,28	4,35

* Items of the income and cash flow statement are converted at the exchange rate which is the arithmetic mean of average rates announced by the NBP in the given reporting period.

** Items of balance sheet and book value per share were converted at the average exchange rate announced by the NBP and prevailing at the balance sheet date.