Southern Africa

Code
SA
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22 April 2023 – Today, Sappi joins the world in celebrating Mother Earth Day and in reflecting on our investment in nature.
Sappi Limited announced today that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”) has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.
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Sappi believes that the future of our planet relies on a well-educated and environmentally conscious society to be wise stewards of the environment that sustains us all.
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Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”
Register today to watch the replay at https://app.webinar.net/gB18EbZE0Np.
Learn more at https://www.interzum.com/en/trade-fair/interzum-2023/.
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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 Papier Holding GmbH (SPH), a wholly owned subsidiary of Sappi Limited (Sappi), announced yesterday the final results of its offer to purchase for cash a portion of its outstanding 3.125% Senior Notes due 2026 (the tender offer).
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As an anchor tenant in the rural space in Southern Africa, Sappi is acutely aware of the crucial role that rural women play in the agricultural labour force.
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'.

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