​Latest financial results

Sappi Limited (JSE: SAP, OTC: SPPJY) released its results for the fourth fiscal quarter and full year ended September 2017 on Thursday, 16 November 2017 at 09:00 (South African time).

Among the highlights were:

Financial summary for the quarter and full year to end September 2017

  • EBITDA excluding special items:
    • For the quarter US$221 million (2016 US$209 million)
    • For the year US$785 million (2016 US$739 million)
  • EPS excluding special items:
    • For the quarter 19 US cents (2016 18 US cents)
    • For the year 64 US cents (2016 57 US cents)
  • Profit for the period:
    • For the quarter US$102 million (2016 US$112 million)
    • For the year US$338 million (2016 US$319 million)
  • Net debt US$1,322 million, down US$86 million year-on-year 
  • Dividend of 15 US cents declared (2016 11 US cents)

“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. Furthermore our initiatives to reduce variable costs and the benefits of lower interest charges were able to help mitigate higher paper pulp prices and a stronger Rand/Dollar exchange rate during the reporting period.”
Steve Binnie, Chief Executive Officer, Sappi Limited

You can download and view all of the latest results below, alongside our Annual Integrated Report for 2016.

Contact
Robert V Rosenthal
Investor Relations Manager
255 State Street
Boston, Massachusetts 02109
United States of America
Tel:
+1 617 423 5413
Fax:
+1 617 423 5494
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View Sappi’s quarterly financial statements, formatted as webcasts, presentations, booklets and debt updates.

Read our 2016 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.