Browse our interactive 2023 Annual Integrated Report here. | ||||
Browse our interactive Q1 FY24 financial results booklet here. |
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Sappi Limited has received 'Prime' status under the ISS-oekom Corporate Rating. For more information regarding the underlying methodology for this rating, please click here. |
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/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q2 FY24 financial results for the period ended March 2024 on Thursday, 09 May 2024, at 08:00 South African time. Sappi Limited enters its closed period from the close of trading (South African time) on 29 March 2024 until the publication of the financial report (quarterly report) on 9 May 2024. During the closed period, Sappi Limited does not disclose information on the company's financial position, outlook or market situation.
/ 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.”
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023.”
/ The persistent global economic downturn is proving to be much tougher than anticipated with depressed markets, geopolitical instability and weak economic growth combining to put significant pressure on Sappi, particularly in Europe.