Sappi delivers solid profit during third quarter while concluding key expansion projects
13 August 2018
Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “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.”
Sappi, a leading global producer of packaging and speciality papers today reported it is again exhibiting at FachPack, scheduled for 25 to 27 September 2018 in Nuremberg, Germany.
CEO Berry Wiersum is interviewed in Pap'Argus Magazine
Sappi on Twitter