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United Kingdom

Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

7,515.00ZAc
19 Feb 2019
Change (% chg)

96.00 (+1.29%)
Prev Close
7,419.00
Open
7,300.00
Day's High
7,539.00
Day's Low
7,300.00
Volume
836,408
Avg. Vol
1,773,313
52-wk High
10,579.00
52-wk Low
6,944.00

Latest Key Developments (Source: Significant Developments)

Sappi Sees Q2 EBITDA in FY 2019 To Be Slightly Below That Of 2018
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Sappi Ltd ::FIRST QUARTER RESULTS FOR THE PERIOD ENDED DECEMBER 2018.QTRLY EBITDA EXCLUDING SPECIAL ITEMS US$197 MILLION (Q1 2018 US$172 MILLION).QTRLY PROFIT FOR PERIOD US$81 MILLION (Q1 2018 US$63 MILLION).QTRLY EPS EXCLUDING SPECIAL ITEMS 16 US CENTS.QTRLY SALES $1,418 MILLION VERSUS $1,330 MILLION.CAPITAL EXPENDITURE IN 2019 IS EXPECTED TO BE APPROXIMATELY US$590 MILLION.EXPECT EBITDA IN Q2 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE SLIGHTLY BELOW THAT OF 2018.SLUGGISH DEMAND FOR COATED GRAPHIC, PACKAGING PAPERS , HIGH PAPER PULP INPUT COSTS DEPRESSED MARGINS IN EUROPEAN BUSINESS IN QUARTER.FULL YEAR RESULT IS EXPECTED TO BE ABOVE THAT OF PRIOR YEAR.PLAN TO GROW DISSOLVING WOOD PULP VOLUMES THROUGH REMAINDER OF 2019 TO MEET INCREASED CUSTOMER DEMAND.EXPECT EBITDA IN Q2 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE SLIGHTLY BELOW THAT OF 2018.QTRLY PROFITABILITY WAS IN LINE WITH GUIDANCE PROVIDED AT END OF 2018 FINANCIAL YEAR.  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

UPDATE 1-South African rand falls on firm dollar, stocks up

JOHANNESBURG, Feb 6 South Africa's rand fell on Wednesday, in line with broad weakness in emerging market currencies, as the dollar settled near a two-week high after U.S. President Donald Trump's State of the Union speech failed to surprise currency traders.