Arctic Paper S.A. (WSE: ATC)

Arctic Paper Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,485	3,549	4,894	3,413	2,847	3,117
Revenue Growth (YoY)	-19.98%	-27.48%	43.42%	19.85%	-8.65%	-1.30%
Cost of Revenue	2,792	2,803	3,484	2,736	2,306	2,532
Gross Profit	693.48	745.68	1,411	676.44	541.79	585.51
Selling, General & Admin	468.34	466.22	584.47	485.4	414.05	427.39
Other Operating Expenses	-51.77	-66.93	-4.34	-15.11	-22.38	-8.99
Operating Expenses	416.56	399.29	580.14	470.29	391.67	418.4
Operating Income	276.91	346.39	830.62	206.15	150.12	167.11
Interest Expense	-8.81	-5.93	-6.61	-17.79	-18.65	-21.53
Interest & Investment Income	8.63	10.33	2.87	0.95	0.71	0.85
Earnings From Equity Investments	0.78	0.78	0.46	0.45	-	0.27
Currency Exchange Gain (Loss)	-32.79	-21.84	16.65	2.27	-10.43	-3.38
Other Non Operating Income (Expenses)	11.21	1.69	71.74	-6.31	-6.37	-7.69
EBT Excluding Unusual Items	255.93	331.41	915.73	185.73	115.38	135.62
Merger & Restructuring Charges	0.04	0.04	-0.29	-0.54	-1.24	-3.87
Gain (Loss) on Sale of Assets	9.47	9.47	13.93	6.55	9.22	26.3
Asset Writedown	-	-	-1.22	31.38	-1.04	-0.11
Other Unusual Items	-	-	-0.58	-	-	-
Pretax Income	265.44	340.92	927.58	223.12	122.32	157.93
Income Tax Expense	65.88	68.53	170.76	47.21	18.73	33.25
Earnings From Continuing Operations	199.56	272.39	756.82	175.91	103.59	124.68
Net Income to Company	199.56	272.39	756.82	175.91	103.59	124.68
Minority Interest in Earnings	0.37	-25.26	-125.82	-48.75	7.49	-41.97
Net Income	199.92	247.13	631	127.15	111.07	82.71
Net Income to Common	199.92	247.13	631	127.15	111.07	82.71
Net Income Growth	-54.78%	-60.83%	396.25%	14.48%	34.29%	977.92%
Shares Outstanding (Basic)	69	69	69	69	69	69
Shares Outstanding (Diluted)	69	69	69	69	69	69
Shares Change (YoY)	-0.08%	-0.06%	-0.03%	-	-	-
EPS (Basic)	2.89	3.57	9.11	1.84	1.60	1.19
EPS (Diluted)	2.89	3.57	9.11	1.84	1.60	1.19
EPS Growth	-54.72%	-60.81%	396.42%	14.70%	34.45%	981.83%
Free Cash Flow	97.01	271.03	452.5	78.32	74.97	204.65
Free Cash Flow Per Share	1.40	3.92	6.53	1.13	1.08	2.95
Dividend Per Share	1.000	1.000	2.700	0.400	0.300	-
Dividend Growth	-62.96%	-62.96%	575.00%	33.33%	-	-
Gross Margin	19.90%	21.01%	28.82%	19.82%	19.03%	18.78%
Operating Margin	7.95%	9.76%	16.97%	6.04%	5.27%	5.36%
Profit Margin	5.74%	6.96%	12.89%	3.73%	3.90%	2.65%
Free Cash Flow Margin	2.78%	7.64%	9.25%	2.30%	2.63%	6.57%
EBITDA	397.45	464.63	961.62	310.43	253.95	244.93
EBITDA Margin	11.40%	13.09%	19.65%	9.10%	8.92%	7.86%
D&A For EBITDA	120.53	118.24	130.99	104.27	103.83	77.82
EBIT	276.91	346.39	830.62	206.15	150.12	167.11
EBIT Margin	7.95%	9.76%	16.97%	6.04%	5.27%	5.36%
Effective Tax Rate	24.82%	20.10%	18.41%	21.16%	15.32%	21.05%
Revenue as Reported	3,485	3,549	4,894	3,413	2,847	3,117

Source: S&P Capital IQ. Standard template. Financial Sources.