Arctic Paper launches job-cutting savings plan as Q3 net loss widens

Arctic Paper has launched a savings programme that will reduce its workforce, targeting annual cost savings of USD 5m (PLN 18m) with effects in 2027-2028 and costs booked in 2026-2027. The group's Q3 2026 net loss widened to USD 5.6m (PLN 21.8m) from USD 0.3m (PLN 1.2m) a year earlier, as sales fell to USD 188.4m (PLN 736.6m) from USD 203.6m (PLN 796.2m) and EBITDA dropped to USD 2.5m (PLN 9.7m) from USD 9.9m (PLN 38.9m). After the quarter its Kostrzyn mill was granted USD 8.8m (PLN 34.3m) of public aid for 2025 energy costs, to be recognised in Q4 2026.

Why this mattersA graphical paper producer cutting jobs to defend margins signals persistent European demand weakness and pricing pressure across the segment.

• New savings programme includes workforce reductions and targets USD 5m (PLN 18m) of annual savings, with effects in 2027-2028
• Q3 2026 net loss USD 5.6m (PLN 21.8m) versus a USD 0.3m (PLN 1.2m) loss in Q3 2025
• Q3 2026 group sales USD 188.4m (PLN 736.6m), down from USD 203.6m (PLN 796.2m)
• Q3 2026 group EBITDA fell to USD 2.5m (PLN 9.7m) from USD 9.9m (PLN 38.9m); margin 1.3% versus 4.9%
• Paper segment net debt/EBITDA rose to 0.92 from 0.36
• Arctic Paper Kostrzyn was granted USD 8.8m (PLN 34.3m) of public aid for 2025 energy costs, with impact in Q4 2026

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