|Browse our interactive Q2 FY20 financial results booklet here.|
|Browse our interactive 2019 Sappi Annual Integrated Report here.|
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/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q3 FY20 financial results for the period ended June 2020 on Thursday, 30 July 2020, at 09:00 South African time.
/ Commenting on the quarter’s result, Binnie said: “I am very pleased with the strong packaging and specialities performance which saw EBITDA contribution almost double. I am also pleased with the solid results in the graphics paper segment, as well as the significant increase in market share across both segments. Despite these strong performances, the results were negatively impacted due to the historic low dissolving pulp (DP) prices, and reduced DP sales volumes.”
/ Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “A good performance from the European and North American packaging and specialities segment and satisfactory results from the graphic paper businesses were not enough to offset the significant impact from the unprecedented and markedly lower dissolving pulp (DP) prices."
/ Commenting on the result, Sappi Limited Chief Executive Officer, Steve Binnie said: “An initially strong start to the year was unfortunately offset by weak graphic paper markets and lower dissolving pulp (DP) prices driven by the ongoing trade wars and slower economic growth in various geographies."