​Latest financial results

Sappi Limited (JSE: SAP, OTC: SPPJY) released its results for the first fiscal quarter ended December 2016 on Wednesday, 08 February 2017 at 08:00 (South African time).

Among the highlights were:

Financial summary for the quarter

  • EBITDA excluding special items US$201 million (Q1 2016 US$175 million)
  • Profit for the period US$90 million (Q1 2016 US$75 million)
  • EPS excluding special items 16 US cents (Q1 2016 13 US cents)
  • Net debt US$1,338 million, down US$396 million year-on-year

Investments to enhance competitive advantage and increase speciality packaging capacity

  • Increased capability to produce paper-based packaging at Somerset Mill in the USA
  • Lightweight packaging and speciality paper capacity to increase at Alfeld Mill in Germany
  • Conversion of Maastricht Mill to solid bleach board facility
  • Transition Lanaken Mill PM8 to support coated woodfree business
  • European cumulative coated graphic paper reduction of 200,000tpa by 2020

You can download and view all of the latest results below, alongside our annual report for 2016.

Based on current market conditions; in particular the recent strength of the Rand, continued strength in US Dollar pricing for DWP and further weakness in graphic paper demand and pricing in Europe and the US, we expect the group’s operating performance for the second quarter to be broadly in line with that of 2016.
Steve Binnie, Chief Executive Officer, Sappi Limited
Contact – Head Office
Graeme Wild
Group Head IR and Sustainability
48 Ameshoff Street
Braamfontein 2001
South Africa
+27 (0)11 407 8111
+27 (0)11 403 1493
Contact – North America
Robert V Rosenthal
Investor Relations Manager
255 State Street
Boston, Massachusetts 02109
United States of America
+1 617 423 5413
+1 617 423 5494

View Sappi’s quarterly financial statements, formatted as webcasts, presentations, booklets and debt updates.

Read our 2016 annual reports to find out about a year that delivered significantly increased earnings for Sappi.

Sappi makes regular filings to the US Securities and Exchange Commission, all of which can be found in this feed.