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| Browse our interactive Q2 FY22 financial results booklet here. |
![]() | Browse our interactive 2021 Annual Integrated Report here. | |
![]() | Sappi Limited has received 'Prime' status under the ISS-oekom Corporate Rating. For more information regarding the underlying methodology for this rating, please click here. | |
![]() | FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Sappi Limited has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products. For more information regarding the FTSE4Good criteria, please click here. |
/ Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q3 FY22 financial results for the period ended June 2022 on Thursday, 04 August 2022, at 09:00 South African time.
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of the excellent performance during the quarter particularly in light of the impact of Covid-19 in the last two years and the global economic turmoil. Tight global paper markets were the principal factor behind the quarter’s success and enabled the implementation of higher selling prices which offset extraordinary cost inflation. The Russian-Ukrainian conflict triggered renewed volatility in global commodity markets and further disrupted already constrained global supply chains, which intensified cost inflation across all regions and all product segments."
/ Following an intense selection process, Sappi’s ZAR1.8 billion 5-year Convertible Bond was recognised as the winner of the Bonds & Loans Africa Award for Structured Bond Deal of the Year for 2021 during an awards ceremony on 9 March 2022 in Cape Town
/ Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very pleased with an excellent performance from the group. We outperformed the guidance provided at the end of the last quarter with EBITDA at US$240 million, a 36% increase over the prior quarter (US$177 million) and more than double the equivalent quarter last year (US$98 million). Robust market demand in all product segments combined with the implementation of higher sales prices facilitated the growth and offset rising costs. This achievement was despite logistics and transport bottlenecks, as well as significant increases in energy, pulp and other raw materials.”