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Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, today announced that it had signed an agreement to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately $149 million).
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Our global activity extends to three continents, selling millions of tons of high quality products to customers all over the world.
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Built from proud roots in each of our regions, our history has seen us steadily grow into the global, progressive business we are today.
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Sappi Q2 2018 financial results
/ Sappi Limited (JSE: SAP, OTC: SPPJY) released its results for the second fiscal quarter FY18 on Monday, 14 May 2018 at 09:00 South African time.
Sappi second quarter beats expectations on the back of higher selling prices and sales volumes
/ Commenting on the results, Sappi Chief Executive Officer Steve Binnie said: “I am very satisfied with our performance for this quarter as reflected by increased sales, EBITDA and net profit. I’m particularly pleased that all regions were able to deliver higher sales volumes despite the short-term impact of the expansion and conversion projects. We faced higher raw material costs, in particular pulp, for our paper businesses but were able to increase selling prices to offset most of this impact. The acquisition of the Cham speciality paper business was completed during the quarter and the integration into Sappi is moving ahead smoothly.”
Sappi first quarter results in line with expectation; growth projects on track to deliver significant increase in earnings as from end of 2018 financial year
/ Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “Our performance for this quarter was in line with our expectations. We continue to work hard to mitigate increased input costs and the impact of a stronger Rand/Dollar exchange rate. We will begin to see the benefits of selling price increases during the rest of the financial year.”
Sappi delivers robust full year and 4th quarter results based on strong growth from the dissolving wood pulp and speciality packaging businesses
/ Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Sappi has delivered another strong set of results with profits up 6% year-on-year. I am very pleased with the growth of the dissolving wood pulp (DWP) and speciality packaging businesses.”