Edition:
United Kingdom

Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

8,915.73ZAc
18 May 2018
Change (% chg)

15.73 (+0.18%)
Prev Close
8,900.00
Open
8,900.00
Day's High
9,030.00
Day's Low
8,804.00
Volume
917,187
Avg. Vol
2,078,230
52-wk High
10,394.00
52-wk Low
7,180.00

Latest Key Developments (Source: Significant Developments)

Sappi Says Group's Q2 Operating Performance Expected To Be Slightly Below Prior Year
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Sappi Ltd ::Q1 ‍EBITDA EXCLUDING SPECIAL ITEMS US$172 MILLION (Q1 2017 LIKE-FOR-LIKE US$181 MILLION)​.Q1 ‍EPS EXCLUDING SPECIAL ITEMS 14 US CENTS (Q1 2017 16 US CENTS)​.‍Q1 PROFIT FOR PERIOD US$63 MILLION (Q1 2017 US$90 MILLION)​.‍Q1 NET DEBT US$1,349 MILLION (Q1 2017 US$1,338 MILLION)​.Q1 ‍NET CASH UTILISED WAS US$14 MILLION, COMPARED TO US$17 MILLION CASH GENERATED IN EQUIVALENT QUARTER LAST YEAR​.‍CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE APPROXIMATELY US$500 MILLION​.‍GROUP'S Q2 OPERATING PERFORMANCE IS EXPECTED TO BE SLIGHTLY BELOW THAT OF PRIOR YEAR.ADVANCING PLANS FOR POSSIBLE EXPANSION OF SAICCOR MILL BY 110,000 TONS PER ANNUM​.  Full Article

Sappi Says ‍Proposed Acquisition Of Speciality Paper Business Of Cham Paper Group Holding
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Sappi Ltd ::‍PROPOSED ACQUISITION BY SAPPI OF SPECIALITY PAPER BUSINESS OF CHAM PAPER GROUP HOLDING AG​.SAPPI - ‍REACHED AGREEMENT WITH CPG, CO WILL PURCHASE SPECIALITY PAPER BUSINESS ASSETS FROM CPG CONSISTING OF TWO MILLS IN ITALY AND DIGITAL IMAGING BUSINESS IN SWITZERLAND.‍ACQUISITON IS FOR CONSIDERATION OF CHF146.5 MILLION (APPROXIMATELY US$149 MILLION)​.‍CLOSING DATE OF ACQUISITION IS EXPECTED DURING Q1 2018​.  Full Article

Sappi Ltd posts FY profit of $338 million
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - SAPPI LTD ::FY 2017 ‍EBITDA EXCLUDING SPECIAL ITEMS US$785 MILLION (FY16 US$739 MILLION)​.‍FY PROFIT US$338 MILLION (FY16 US$319 MILLION)​.‍FY 2017 EPS EXCLUDING SPECIAL ITEMS 64 US CENTS (FY16 57 US CENTS)​.FY ‍NET DEBT US$1,322 MILLION, DOWN US$86 MILLION YEAR-ON-YEAR​.‍DIVIDEND OF 15 US CENTS DECLARED​.  Full Article

Sappi says Q3 profit at $58 mln vs $32 mln
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Sappi Ltd ::Q3 PROFIT FOR PERIOD US$58 MILLION (Q3 2016 US$32 MILLIO.Q3 NET DEBT US$1,318 MILLION, DOWN US$265 MILLION YEAR-ON-YEAR.Q3 EPS EXCLUDING SPECIAL ITEMS 11 US CENTS (Q3 2016 11 US CENTS).Q3 NET CASH GENERATED WAS US$30 MILLION, COMPARED TO US$82 MILLION GENERATED IN EQUIVALENT QUARTER LAST YEAR.Q3 PROFITABILITY IN NORTH AMERICAN BUSINESS WAS SAME AS PRIOR YEAR.Q3 SALES AT $1.26 BILLION VERSUS $1.22 BILLION YEAR AGO.  Full Article

Sappi says Q2 EBITDA excluding items up 6.67 pct
Monday, 15 May 2017 

May 15 (Reuters) - Sappi Ltd ::Q2 EBITDA excluding special items $208 million (Q2 2016 $195 million).Q2 EPS excluding special items 17 cents (Q2 2016 16cents).Q2 profit for period $88 million (Q2 2016 $100 million).Net debt $1,329 million, down $323 million year-on-year.Net finance costs were $24 million, a reduction from $25 million in equivalent quarter last year..Liquidity at quarter end comprised cash on hand of $703 million and $569 million available from undrawn committed revolving credit facilities..Paper business in South Africa had a positive quarter, with higher sales volumes in containerboard and newsprint categories.Subsequent to steady increase in Q2, DWP prices have moderated during April 2017.Capital expenditure in 2017 is expected to be approximately $350 million..Full year result is likely to be above that of prior year..During course of 2017 we expect to reduce net debt further through positive cash generation.Market dynamics appear favourable, with demand growth continuing to exceed long-term forecast of 4 pct, sees only limited capacity addition in next 2 years.  Full Article

Sappi North America says combines packaging and specialties businesses
Wednesday, 10 May 2017 

May 10 (Reuters) - Sappi North America :Sappi north america combines packaging and specialties businesses, announces leadership changes.Sappi north america - vice president and casting and release paper managing director tom collins announces retirement.Sappi north america -deece hannigan will now serve as vice president for newly expanded packaging and specialties business.  Full Article

Sappi ltd says issues redemption notice for $400 mln 2017 bonds
Thursday, 9 Mar 2017 

Sappi Ltd : Issues redemption notice for $400 million 2017 bonds .Bonds mature in July 2017 but have 3 month call window at par;SPH will use available liquidity resources to repay notes in full on 18 April.  Full Article

Sappi Ltd says Q1 profit rises to $90 million
Wednesday, 8 Feb 2017 

Sappi Limited : Q1 ebitda excluding special items us$201 million (q1 2016 us$175 million) . Profit for period us$90 million (q1 2016 us$75 million) . Q1 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 . Profit for comparative period increased from us$75 million to us$90 million . Tax payments of us$34 million were higher than last year as a result of increased taxable income in south africa. . Q1 sales at $1,309 million versus $1,284 million . Demand for dwp remains favourable and pricing has recovered during january. . In north america we will be investing approximately us$165 million to convert pm1 at Somerset mill . Capital expenditure in 2017 is expected to be approximately us$350 millio .Expect to reduce net debt levels further during course of 2017 and it remains our intention to repay maturing 2017 bonds from current liquidity sources.  Full Article

Sappi reports eight-fold growth in Q3 profit
Thursday, 4 Aug 2016 

Sappi Ltd : Q3 profit for period us$32 million versus $4 million in 2015 . Specialised cellulose business generated $75 million of ebitda, a 34 pct improvement over equivalent quarter last year . Will produce more DWP at our Cloquet Mill . Capex expenditure in last quarter of fiscal 2016 is expected to be approximately $100 million . Q3 EPS excluding special items was 11 us cents versus 2 us cents in 2015 . Q3 sales $1,223 million versus $1,272 million last year . Coated graphic paper markets continued to be challenging during quarter and demand was somewhat weaker than in recent periods . Demand for DWP remains favourable and recent improvements in textile fibre prices, vsf operating rates should support DWP prices at current levels for coming months . "Graphic paper markets have weakened in europe and united states in past quarter, with both volume and pricing under pressure" .Sees Q4 EBITDA excluding special items to be approximately in line with that of performance in equivalent quarter last year.  Full Article

South Africa's Sappi posts 30 pct drop in Q1 profit

JOHANNESBURG, Feb 7 South African pulp and paper maker Sappi reported on Wednesday a 30 percent drop in first-quarter profit due to charges and an extra week last year, while sales increased slightly.