Sappi issued on
Such announcement included an outlook statement for Sappi's fourth financial quarter ended
The Company wishes to advise that during the fourth quarter market conditions were stronger than expected while European energy prices, principally gas, were lower than anticipated. Consequently, we are now anticipating that the EBITDA excluding special items for the fourth quarter ended
As per the published schedule, full financial statements for the fourth quarter and financial year ended
The information contained in this trading update has not been reviewed or audited by the Company's external auditors.
About Sappi
A global leader in dissolving pulp and paper-based solutions,
Sappi works closely with customers to provide relevant and sustainable dissolving pulp, paper (speciality, packaging and graphic), paper pulp, and biomaterial products and related services and innovations. Our market-leading range of paper products includes: flexible packaging, label, release liner, containerboard, graphic papers, casting release papers and in our Southern African region newsprint, uncoated graphic and business papers. These products serve the fashion, FMCG and industrial sectors. Our dissolving pulp products are used worldwide by converters to produce viscose fibre, pharmaceutical products as well as a wide range of household and consumer products.
Sappi drives product innovation and the development of new uses for its renewable resource (woodfibre) as well as for the biomass and other residues from its production processes. One such area is in the field of biomaterials (cellulose composites, nanocellulose and lignins), biochemicals including hemi-cellulose sugars and bio-energy forest products materials which Sappi believes will play a key role in its future range of products, both as commercial products and for applications within Sappi.
We continue to grow into a profitable and cash-generative diversified business with an exciting future in woodfibre, a renewable resource.
Contact:
Tel: + 27 (0) 11 502 7300
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