Europe

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023.”

Sappi Limited announced today that it has concluded an agreement with AURELIUS Investment Lux One S.à.r.l. (“AURELIUS”) regarding the divesture of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”).

With the increased global push for environmentally friendly and sustainable paper-based packaging solutions, Sappi has made great strides in developing breakthrough proprietary barrier technology to offer new opportunities to satisfy this need.

Sappi Limited, a leading global producer of dissolving pulp, speciality and packaging papers, graphic paper and biomaterials, today announced that it had signed an agreement to acquire the 270,000 tons per year Matane high yield hardwood pulp mill from Rayonier Advanced Materials for US$175 million.

Due to rising input costs, particularly but not only for pulp, Sappi Europe intend to increase prices for Coated and Uncoated Fine Papers by 8% effective from 7 April 2025.

Further to Sappi’s press release on 03 March 2025 in connection with a bond issue, Sappi announced today that it priced Sappi Papier Holding GmbH’s (“SPH”) bond offering to raise €300 million of new sustainability-linked senior notes due 2032 with a coupon of 4.500% per annum.

Sappi, a leading diversified woodfibre company, has published an informational document on its website with further information about the Company and its consolidated subsidiaries (the “Sappi Group”). The Information is available as of today at the following address: https://www.sappi.com/.

Sappi today announced the offering of €300 million aggregate principal amount of senior notes due 2032, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”).