1. Poland Stocks

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    Basic Materials

  3. •

    Paper, Lumber & Forest Products
Arctic Paper S.A.

Arctic Paper S.A.

ATC.WA
Arctic Paper S.A.PL flagWarsaw Stock Exchange
5.89
PLN
+0.04
- -
408.11MMarket Cap
Arctic Paper S.A.
ATC.WA
(Warsaw Stock Exchange)

Recent

price

5.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
41.76
45.61
47.22
45.06
41.35
41.86
42.82
42.62
45.58
44.99
41.1
49.25
70.64
51.22
49.57
46.15
46.02
Revenue per Share
0.53
0.22
-1.84
-1.92
0.73
-1.03
0.69
0.53
0.11
1.19
1.6
1.84
9.11
3.57
2.23
-1.44
-1.55
Basic EPS, GAAP
0.38
1.91
1.93
-1.05
1.99
1.01
0.11
1.16
-0.39
2.95
1.08
1.13
6.53
3.91
-3.39
-2.63
-2
Free Cash Flow per Basic Share
0.9
- -
0.18
- -
- -
- -
- -
- -
0.2
- -
- -
0.3
0.4
2.7
1
- -
- -
Dividend per Share
9.73
8.08
-3.42
-4.18
-1.08
-1.39
-0.99
-0.05
0.6
1.28
2.39
4.26
13.09
13.44
12.05
7.96
7.65
Book Value per Share
9.87
10.02
13.2
9.03
9.73
9.48
10.42
10.53
11.72
12.01
14.15
16.99
28.57
25.04
25.03
23.25
22.68
Tangible Book Value per Share
55
55
56
69
69
69
69
69
69
69
69
69
69
69
69
69
69
Basic Weighted Avg Shares
2,288
2,527
2,632
3,105
2,865
2,900
2,967
2,953
3,158
3,117
2,847
3,413
4,894
3,549
3,435
3,198
3,189
Sales/Revenue/Turnover
0.77
-0.01
-8.61
-4.96
3.85
3.14
4.73
3.63
3.81
5.33
5.23
6.92
16.93
9.82
4.47
-5.27
-5.1
Operating Margin (%)
112
128
123
122
122
119
101
111
93
87
113
115
131
118
114
194
200
Depreciation Expense
29
12
-102
-132
50
-71
48
37
8
83
111
127
631
247
154
-100
-108
Net Income, GAAP
- -
- -
- -
- -
0.78
1.57
20.99
17.35
37.31
21.05
15.32
21.16
18.41
20.1
16.29
- -
- -
Effective Tax Rate (%)
1.26
0.48
-3.89
-4.26
1.76
-2.46
1.61
1.25
0.24
2.65
3.9
3.73
12.89
6.96
4.5
-3.12
-3.38
Profit Margin (%)
20
180
192
175
328
219
293
374
266
267
303
365
1,076
789
652
257
341
Working Capital
193
359
236
280
300
222
275
377
250
234
237
189
161
103
200
74
172
LT Debt
668
676
829
672
725
708
779
781
861
871
1,033
1,243
2,052
1,802
1,769
1,697
1,682
Total Equity
- -
- -
- -
- -
9.9
8.48
10.44
7.54
5.81
10.04
9.36
12.5
34.91
12.88
6.35
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
12.96
-21.12
9
4.73
-3.49
7.72
17.26
10.73
41.12
15.08
10.86
- -
- -
Return on Capital (%)
5.23
2.46
- -
- -
- -
- -
- -
- -
- -
126.95
87.26
55.14
104.96
26.89
17.49
-14.38
-15.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
93
200
128
LT Borrowings
166
56
172
LT Finance Leases
- -
18
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
69
69
69
Market Capitalization
579
567
540

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,184
1,033
1,034
Cash, Cash Equivalents & STI
159
153
117
Accounts Receivable, Net
461
305
427
Inventories
485
444
416
Total Current Liabilities
668
776
693
Payables & Accruals
- -
- -
- -
ST Debt
93
200
128
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.76%
13.47%
-4.03%
Free Cash Flow
7.11%
46.58%
-22.45%
Net Income, GAAP
89.06%
29.57%
-164.54%
Sales/Revenue/Turnover
2.45%
5.13%
-6.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
965
839
819
811
3,435
2025
823
833
796
745
3,198
2026
814
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.19
0.26
0.44
- -
2.23
2025
-0.19
-0.66
0.03
- -
-1.44
2026
-0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
1
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Arctic Paper S.A. produces and sells high-quality graphic and packaging papers for printing houses, paper distributors, book and magazine publishers, the advertising industry, and packaging producers across Europe and internationally. The company offers uncoated wood-free papers including white offset, woodfree bulky book, and graphic papers; coated wood-free papers; uncoated wood-containing papers such as wood-containing bulky book papers; packaging papers comprising kraft paper and one-side coated packaging papers; and pulp products including fully bleached and unbleached sulphate pulps, chemi-thermo mechanical pulps, and groundwood pulps, marketed under the brands Munken, Arctic Volume, G, Amber, Munken Kraft, G-Flexmatt, G-Print, and Arctic. Arctic Paper S.A. operates three mills in Kostrzyn nad Odrą (Poland), Munkedal (Sweden), and Grycksbo (Sweden); manages sales offices throughout Europe; generates, transmits, and distributes electricity and heat; and produces hydropower, with majority ownership of Rottneros AB, a Swedish pulp producer that supplies pulp for its own paper products. Founded in 1740 and headquartered in Kostrzyn nad Odrą, Poland, the company is a subsidiary of Nemus Holding AB and lists its shares on the Warsaw Stock Exchange (ticker: ATC.WA) and Nasdaq Stockholm. Recent developments include the November 2024 acquisition of a 4 MW solar park in Garwolin, Poland, from Coral J.W. Perkowski, increasing its total installed photovoltaic capacity to 23 MW across four sites in Sweden and Poland to expand its energy segment; and a 2025 acquisition of additional shares in subsidiary Rottneros AB through a share issue without subscription rights.