paper, cardboard, packaging, paper machines, tissue, printing

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financial results

Voith Group’s results remain solid in the first half of the fiscal year 2019/20

The Voith Group continued to show solid results in the first six months (October 2019 through end of March 2020) of the current fiscal year 2019/20, despite a very challenging market environment. Voith’s figures were negatively affected beginning late March by the COVID-19 pandemic, which first appeared in China – one of Voith’s important markets – before spreading around the world towards the end of the reporting period.

Arctic Paper S.A. Q3 2019: Stable result in a challenging market

During the third quarter of 2019, the Arctic Paper Group reached a turnover of PLN 794.4 million (compared to PLN 816.5 million in Q3 2018) with an EBITDA of PLN 71.5 million (vs PLN 82.0 million). On the consolidated level, the result remains relatively stable: while pulp prices fell during the period, market conditions for paper improved. The combination stabilizes our results as the fluctuations offset each other.