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Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased the Group delivered EBITDA (earnings) more than 40% above the prior year at US$151 million. Despite the third quarter being a seasonally slower period for our business, and the sluggish global economy, our results were in line with our guidance. Underlying profitability, excluding a US$30 million impact from scheduled maintenance shuts at Saiccor and Somerset Mills, remained steady quarter-on-quarter. This is a pleasing performance driven by sustained strong market conditions in the pulp segment, offset somewhat by a muted recovery in paper markets.”
New appointments strengthen Sappi’s focus on innovation, operational excellence and market growth.
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Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q4 and full FY24 financial results for the period ended September 2024 on Thursday, 07 November 2024, at 08:00 South African time. Sappi Limited enters its closed period from the close of trading (South African time) on 27 September 2024 until the publication of the financial report (quarterly report) on 07 November 2024. During the closed period, Sappi Limited does not disclose information on the company's financial position, outlook or market situation.
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