Arctic Paper S.A. (ARP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast with Arctic Paper who will be presenting the report for the second quarter of 2025. After the presentation, there will be a Q&A session. So if you would like to ask the company any questions, you can submit them in the form to the right. And with that said, I hand over the word to you guys. Good morning. Welcome to this quarterly presentation of financial results for the second quarter 2025 for Arctic Paper Group. I will focus in the beginning on the general situation. This was a tough quarter for the entire group. We experienced, as all segments, the global uncertainty, turbulences within the tariffs and also volatile currency situation. This all caused that the macroeconomic situation was difficult, not just for us. For the first half year of 2025, in comparison to the same period of 2025, we had lower net sales. This was mainly the impact of lower demand, but also we experienced some influences of currency volatility. As an effect of lower sales, the EBITDA was also decreased. It was significantly lower than in the same period of 2024. And within the paper segment, it was mainly lower demand for the paper product, but also price pressure. And we also experienced higher pulp prices in the second quarter. Within the pulp segment, they had still the problem with high material prices, mainly within wood, but also the volatility within currencies and weak US dollar had significant impact. The net debt to EBITDA, which shows the financial situation of the entire group, increased a little bit above one, which is still a pretty good level considering current situation. And within our sectors of operation, it's still on a good level and relatively low. If we summarize Q2 results, the situation looks pretty similar as for the first half ...