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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%.”
Funds will be used to improve productivity and innovation in Sappi’s Maine mills while propelling industry leading projects and sustainable development.
PaperAge
From a single pulp and paper mill producing paper from straw in 1938, Sappi has evolved into a global provider of dissolving pulp, packaging and specialty papers, and graphic papers, as well as biomaterials and biochemicals.

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Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q2 FY23 financial results for the period ended March 2023 on Thursday, 11 May 2023, at 09:00 South African time.
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About Sappi North America
Our roots can be traced back as far as 1854. Today, headquartered in Boston, with three mills and over 2,100 employees, we continue that legacy of innovation and quality.

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