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Parcourez notre brochure interactive sur les résultats financiers du premier trimestre de l’exercice financier 2021 ici. |
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Parcourez notre rapport annuel intégré interactif Sappi 2020 ici. |
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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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FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Sappi Limited has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products. For more information regarding the FTSE4Good criteria, please click here. |
/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q2 FY21 financial results for the period ended March 2021 on Thursday, 06 May 2021, at 08:00 South African time.
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the continued recovery in our results over the past nine months. EBITDA improved progressively from a low of US$26m in our third quarter of 2020 due to the impact of COVID-19 to US$98m for the first quarter of our 2021 financial year. I am confident that our recovery is on track despite the ongoing negative affect from COVID-19.”
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “The group’s performance over the past year was severely impacted by the Covid-19 pandemic, the related government lockdowns and the ensuing economic after-effects. While the first half of the year was satisfactory given that we started the year with dissolving pulp prices at historic lows, the third quarter saw the full impact of Covid-19 before a gradual recovery began in the fourth quarter, in particular for Dissolving Pulp (DP). The improvement is further evidenced by the quarter-on-quarter improvement in EBITDA from US$26 million to US$82 million.”
/ Commenting on the quarter’s result, Sappi Limited Chief Executive Officer, Steve Binnie said: “The overall economic effect of the COVID-19 pandemic and related lockdowns, changes in consumer behaviour and logistical challenges had a severe impact on the business in the quarter. Previously weak graphic paper and dissolving pulp (DP) markets were further affected by significant declines in demand and lower sales prices. Our packaging and specialities business increased sales volumes during the quarter and has proven resilient in the current difficult economic circumstances. This segment continues to support our strategy to diversify the group’s product portfolio into higher margin and growing segments.”