Financial summary for the quarter to end June 2018:
- Profit for the period US$51 million (Q3 2017 US$58 million).
- Net debt US$1,603 million, down US$29 million on the prior quarter.
- EPS excluding special items 10 US cents (Q3 2017 11 US cents).
“Our third quarter operating performance was in line with previous guidance with earnings (EBITDA ex special items) flat at US$155 million compared to a year ago. The third quarter is seasonally and historically our weakest quarter due to the slow-down in business activity during the Northern Hemisphere summer holiday period and Sappi’s choice to use this quarter to undertake major annual maintenance shuts. A strong performance by our European operations was offset by a number of once-off operational and production issues in our South African and North American businesses.”
Steve Binnie, Chief Executive Officer, Sappi Limited
You can download and view all of the latest results below, alongside our 2017 Annual Integrated Report.