Sappi delivers solid results in difficult economic climate
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of ongoing challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered EBITDA of US$156 million, which was in line with guidance provided in the prior quarter.”
Sappi delivers solid performance for first financial quarter 2023
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”
Sappi announces results for the second financial quarter of 2023
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the record profitability achieved last year, the group faced a severe downstream inventory destocking cycle. This led to production curtailment in both the European and North American regions to match the sluggish market demand and to prevent excess inventory accumulation.”
Sappi delivers results ahead of expectations for the second financial quarter
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment I am pleased that the group delivered EBITDA of US$183 million, which was 10% above the prior year.”
Sappi announces results for the third financial quarter 2024
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased the Group delivered EBITDA (earnings) more than 40% above the prior year at US$151 million.
Sappi announces results for the third financial quarter of 2023
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the record profitability achieved last year, the group faced persistent challenges in the global economy and encountered ongoing weakness in paper and pulp markets. Specifically, the paper businesses experienced a significant downstream destocking cycle.”
Sappi financial results for fourth quarter and full year exceeds expectations; dividend declared
Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following a strong last quarter, I am pleased we were able to exceed our expectations for the year with Adjusted EBITDA* of US$684 million for the year ended September 2024.
Every day is Earth Day at Sappi
Sappi joins the world in celebrating the 50th anniversary of Earth Day and in honouring the theme of climate action. This theme is particularly apt in view of reports from the National Aeronautics and Space Administration (NASA) indicating that last decade was the hottest on record.
Celebrating World Environment Day 2021
#GenerationRestoration. That’s the theme for this year’s World Environment Day which also marks the launch of the United Nations Decade for Ecosystem Restoration.
Celebrating International Day of Women in Science at Sappi
On a day that is commemorated internationally by the United Nations to celebrate women who hold office in the field of science, we pay tribute to the women in Sappi for the role they play in helping us build a thriving world for all by unlocking the power of trees, using the power of science.
Sappi Europe gains feed safety certification for lignin-based animal feed
Sappi Europe has achieved GMP+ Feed Safety Assurance (FSA) 2020 certification for its Lignin manufacturing site in Germany where Pelletin and NuryGuard are produced.
Innovative Bottle Label Unlocks New Marketing Potential for Beverages
Open up, turn the page, be amazed: a special bottle label opens up new marketing potential for beverage manufacturers
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