Browse our interactive 2023 Annual Integrated Report here. |
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Browse our interactive Q4 and full FY24 financial results booklet here. |
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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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/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q1 FY25 financial results for the period ended December 2024 on Wednesday, 05 February 2025, at 08:00 South African time.
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following a strong last quarter, I am pleased we were able to exceed our expectations for the year with Adjusted EBITDA* of US$684 million for the year ended September 2024.
/ New appointments strengthen Sappi’s focus on innovation, operational excellence and market growth.
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased the Group delivered EBITDA (earnings) more than 40% above the prior year at US$151 million. Despite the third quarter being a seasonally slower period for our business, and the sluggish global economy, our results were in line with our guidance. Underlying profitability, excluding a US$30 million impact from scheduled maintenance shuts at Saiccor and Somerset Mills, remained steady quarter-on-quarter. This is a pleasing performance driven by sustained strong market conditions in the pulp segment, offset somewhat by a muted recovery in paper markets.”