Sappi first quarter results ahead of expectations; up 56% year-on-year

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Despite continued challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered Adjusted EBITDA of US$203 million, which was ahead of expectations and substantially above last year.”

Year-on-year profitability improved across all segments, supported by cost-savings, operational efficiency gains, higher dissolving pulp (DP) selling prices and sales volumes combined with improved packaging and speciality papers sales volumes.
more at: https://cdn-s3.sappi.com/s3fs-public/Q1-FY25-Financial-results-media-release-Final.pdf

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