Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Arctic Paper withdraws dividend proposal

Arctic Paper
Download the release

PRess release

 

 


Kostrzyn nad Odra / Gothenburg May 15th, 2025

The Board of Arctic Paper has resolved not to submit the previously announced dividend proposal of 0.70 PLN to the upcoming Annual General Meeting. This decision is based on the prevailing global uncertainty and the weak performance for the Group during the first quarter of 2025.

 

"In the near term, the challenging market environment and heightened uncertainty necessitate a continued focus on cost optimization and maintaining a strong balance sheet. We expect the current situation to persist at least during the first half of 2025", says Michał Jarczyński, CEO of Arctic Paper S.A.

 

The decision not to propose a dividend for 2024 is based primarily on the weak financial results in Arctic Paper's core segments during the beginning of 2025, as well as on the lack of signs of an improvement in the near term in these business areas. In addition, the group is negatively affected by continued high wood prices in Scandinavia, a significant strengthening of the Swedish krona - especially against the euro and the US dollar - and increased economic uncertainty because of global trade tariffs.

 

"From a long-term perspective, our ambition to grow within renewable energy and packaging in line with our strategy remains intact, while we continue to defend our market positions in paper and pulp. The Group is well positioned to navigate the ongoing turbulence with a clear focus on long-term profitable growth opportunities", Michał Jarczyński, CEO concludes.

 

 

Further information provided by:

Michal Jarczynski, CEO, Arctic Paper S.A.  
Phone: +46 10 451 7005
michal.jarczynski@arcticpaper.com 

Katarzyna Wojtkowiak, CFO, Arctic Paper S.A.
Phone:  +48 667 652 112
katarzyna.wojtkowiak@arcticpaper.com

 

 

 

 

 

 

 

 

 

 

 

 

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team