Revenue by Segment

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Paper	2.41B	2.46B	3.58B	-	-
Paper Growth	-1.90%	-31.31%	-	-	-
Pulp	1.02B	1.09B	1.31B	1.04B	887.46M
Pulp Growth	-6.46%	-16.96%	26.83%	16.78%	-8.04%
Exclusions	-	-2.79M	-2.38M	-53.60M	-54.13M
Uncoated	-	-	-	1.71B	1.45B
Uncoated Growth	-	-	-	18.28%	-7.56%
Coated	-	-	-	715.59M	564.90M
Coated Growth	-	-	-	26.68%	-15.28%
Total	3.43B	3.55B	4.89B	3.41B	2.85B
Total Growth	-3.22%	-27.48%	43.42%	19.85%	-8.65%

Revenue by Geography

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Germany	634.23M	686.91M	921.76M	670.25M	577.99M
Germany Growth	-7.67%	-25.48%	37.53%	15.96%	-9.65%
France	222.72M	225.46M	348.92M	226.44M	189.70M
France Growth	-1.21%	-35.38%	54.09%	19.36%	-3.82%
United Kingdom	309.69M	311.52M	406.76M	288.86M	215.76M
United Kingdom Growth	-0.59%	-23.42%	40.82%	33.88%	-17.59%
Scandinavia	583.22M	540.24M	664.06M	452.17M	441.69M
Scandinavia Growth	7.96%	-18.65%	46.86%	2.37%	-5.24%
Western Europe (Other Countries)	421.66M	496.49M	804.09M	516.38M	443.20M
Western Europe (Other Countries) Growth	-15.07%	-38.25%	55.72%	16.51%	14.36%
Poland	426.68M	415.23M	597.80M	375.96M	330.11M
Poland Growth	2.76%	-30.54%	59.01%	13.89%	-10.03%
Central and Eastern Europe (Countries Other than Poland)	503.65M	462.72M	695.43M	485.40M	-
Central and Eastern Europe (Countries Other than Poland) Growth	8.85%	-33.46%	43.27%	-	-
Outside Europe	332.85M	410.60M	455.45M	397.13M	309.01M
Outside Europe Growth	-18.94%	-9.85%	14.69%	28.51%	-1.21%
Central and Eastern Europe (Other than Poland)	-	-	-	-	339.99M
Central and Eastern Europe (Other than Poland) Growth	-	-	-	-	-29.90%
Total	3.43B	3.55B	4.89B	3.41B	2.85B
Total Growth	-3.22%	-27.48%	43.42%	19.85%	-8.65%

Source: S&P Global Market Intelligence.