Southern Africa

Code
SA
Sappi, a leading diversified woodfibre company, has published an informational document on its website with further information about the Company and its consolidated subsidiaries (the “Sappi Group”). The information is available as of today at the following address: https://www.sappi.com/
Sappi Limited today announced the offering of €450 million aggregate principal amount of senior notes due 2026, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The notes will be issued by Sappi Papier Holding GmbH (“SPH”), a subsidiary of Sappi Limited. The net proceeds from this offering will be used to redeem all of SPH’s outstanding €450 million senior notes due 2022.
Sappi Limited is pleased to announce that it has joined the Sustainable Apparel Coalition (SAC) and will use the group’s sustainability measurement suite of tools, the Higg Index, to drive environmental and social responsibility throughout its supply chain.
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Commenting on the result, Sappi Limited Chief Executive Officer Steve Binnie said: “In a difficult operating climate, the resilience of the business and the benefits from the diversification of the product portfolio in recent years were emphasised during the quarter. Profitability was in line with our guidance at the end of the 2018 financial year.”
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Commenting on the results, Sappi Chief Executive Officer Steve Binnie said: “I am very satisfied that we have delivered results for the year in line with that of the prior year, notwithstanding the downtime related to the completion of several large strategic growth projects. These projects facilitated a further shift in the product mix of the group towards higher margin and growth segments.”
Building on its reputation for quality, service and responsibility, Sappi today moved to strengthen its leadership in the dissolving pulp (DP) market with the launch of the Sappi Verve brand.

A single-ply paperboard (SBS) designed to deliver superior quality, converting to eye-catching marketing collateral that stands out amongst the crowd. It delivers a high-end experience by featuring brilliantly reproduced colors and unmatched side-to-side consistency.

A single-ply paperboard (SBS) with enhanced optics, making it ideal for premium applications that call for dynamic and vibrant images. It provides a high-end experience with the perfect combination of features to make a lasting impression.

A single-ply paperboard (SBS) capable of meeting a breadth of applications. It’s sturdy for everyday jobs, providing the quality you deserve with superior convertibility and a consistent surface.

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Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Our third quarter operating performance was in line with previous guidance with earnings (EBITDA ex special items) flat at US$155 million compared to a year ago. The third quarter is seasonally and historically our weakest quarter due to the slow-down in business activity during the Northern Hemisphere summer holiday period and Sappi’s choice to use this quarter to undertake major annual maintenance shuts. A strong performance by our European operations was offset by a number of once-off operational and production issues in our South African and North American businesses.”

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