Global

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said, “I am very pleased with Sappi’s exceptional performance this past year. Once again, the dedication and resilience of the Sappi team shone through, this year delivering EBITDA of US$1,339 million, well above the previous record set in FY2000 (US$1,052 million)."

Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.

Sappi’s International Revolving Credit Facility (RCF) of EUR 515 million benefits from the group’s newly developed Sustainable Financing Framework.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of another quarter of record earnings against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary pressures.”

Sappi is pleased to announce that the science-based carbon emission reduction target of 41.5% per ton of product has been approved by the Science Based Targets initiative (SBTi).