While global market conditions remained challenging, the quarter reflected encouraging progress in key strategic initiatives, particularly the continued ramp-up of the Somerset Mill PM2 paperboard machine in North America, ongoing cost reduction actions across the group and disciplined capital allocation.

Sappi Limited (“Sappi”) and UPM-Kymmene Corporation (“UPM”) have today announced the signing of binding (definitive) agreements to form a non-listed, independent 50/50 Joint Venture for graphic paper.

Sebbene gli utili principali siano stati influenzati da un contesto globale senza precedenti di "risk-off" e da un tasso di cambio Rand/Dollaro USA volatile, il gruppo ha accelerato significativamente il proprio focus su miglioramenti innovativi del business per garantire la competitività globale.