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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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