Southern Africa

Operating profit for the quarter was impacted as expected by planned annual maintenance shuts at a number of our major pulp mills and seasonal factors. In addition, weaker than expected demand for coated woodfree paper in Europe resulting from continuing uncertainty in economic conditions unfavourably affected operating profit

As you are aware, Sappi’s business strategy is built on four pillars, namely fixing the underperforming businesses; maintaining the good performance of the other businesses; investing in areas of high growth; as well as careful balance sheet, debt and cash-flow management.

Sappi continued its improving trend in operating performance for 2011. Sales for the year increased 11%, almost entirely as a result of higher prices in US Dollar terms. Operating profit excluding special items was US$404 million for the year, up 19% compared to 2010.

2013 is an important transitional year as specialised cellulose capacity is expanded.  The group performance for the quarter was impacted by generally lower selling prices for pulp and paper.

Results for the third quarter ended June 2012 in line with expectations despite tough market conditions. Sappi remains focused on debt reduction, chemical cellulose expansion.

The Specialised Cellulose and North American businesses continue to perform well and the investments in the conversions at the Ngodwana and Cloquet Mills have progressed according to plan.

Sappi Limited concluded an agreement to sell its entire 34% shareholding in the Jiangxi Chenming Paper Company Limited (JXCM), situated in Nanchang City, Jiangxi Province, China, for US$ 41,58m to the Shandong Chenming Paper Holding Company.

Sappi Limited results for the fourth quarter and year ended September 2012. Strategic initiatives yield solid results; good progress on debt reduction

PE Paper Escrow GmbH (“PE Paper”, “we, “us”, or the “Company”), a wholly-owned subsidiary of Sappi Limited, announces that it has received, on or prior to 5:00 p.m., New York City time, on November 21, 2012 (the “Consent Payment Deadline”), tenders and consents from holders (“Holders”) of approximately 75.72% ...

PE Paper Escrow GmbH, a wholly-owned subsidiary of Sappi Limited, announces that it has accepted for purchase €23,476,018.80 in aggregate principal amount of its outstanding euro-denominated 11.75% Senior Secured Notes due 2014 (the “Notes”), validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time...