​Latest financial results

Sappi Limited (JSE: SAP, OTC: SPPJY) released its results for the second fiscal quarter to end March 2018 on Monday, 14 May 2018 at 09:00 (South African time).

Among the highlights were:

Financial summary for the second fiscal quarter to end March 2018

  • EBITDA excluding special items US$211 million (Q2 2017 US$208 million).
  • Profit for the period US$102 million (Q2 2017 US$88 million).
  • EPS excluding special items 17 US cents (Q2 2017 17 US cents).
  • Acquisition of Cham speciality paper business completed.
  • Net debt US$1,632 million (Q2 2017 US$1,329 million).

“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.”
Steve Binnie, Chief Executive Officer, Sappi Limited

You can download and view all of the latest results below, alongside our 2017 Annual Integrated Report.

Q2 FY18 Financial results booklet (Interactive)
Click the link above to browse the interactive version of our Q2 FY18 financial results booklet.
Conference call dial-in details
Find dial-in numbers and registration link for the conference call hosted by our CEO, Steve Binnie.
2017 interactive Annual Integrated Report
Click on the heading to browse our 2017 interactive Annual Integrated Report.
Each of our regions improved its operating performance and cash generation exceeded our own goals, as a result, we now have greater flexibility to increase investments in strategic growth.
Steve Binnie, Chief Executive Officer, Sappi Limited
Contact
Robert V Rosenthal
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Boston, Massachusetts 02109
United States of America
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View Sappi’s quarterly financial statements, formatted as webcasts, presentations, booklets and debt updates.

Read our 2017 annual reports to find out about a year that delivered significantly increased earnings for Sappi.

Sappi makes regular filings to the US Securities and Exchange Commission, all of which can be found in this feed.