Edition:
India

Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

8,800.00ZAc
18 Jan 2018
Change (% chg)

-25.00 (-0.28%)
Prev Close
8,825.00
Open
9,000.00
Day's High
9,000.00
Day's Low
8,685.00
Volume
1,709,788
Avg. Vol
2,334,136
52-wk High
10,543.00
52-wk Low
8,053.00

Latest Key Developments (Source: Significant Developments)

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 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

Sappi sees 2016 capex in line with last year
Monday, 9 May 2016 

Sappi Ltd : Profit for period US$100 million (q2 2015 us$56 million) period ended March 2016 . Q2 EBITDA excluding special items US$195 million (q2 2015 US$170 million) . Demand remains positive and we remain confident that, at current pricing levels and exchange rates, outlook for this business is positive. . Capex in 2016 is expected to be in line with 2015 and is focused largely on energy and debottlenecking projects in S.Africa together with annual maintenance at mills . As a result of improved operating profits and lower expected finance costs, offset somewhat by increased tax charges, we expect a strong increase in our earnings. .Expect to reduce our net debt further over course of year and improve our financial leverage closer to our target of less than two times net debt to EBITDA.  Full Article

Sappi to buy Cham Paper's speciality paper business

JOHANNESBURG South Africa's Sappi has agreed to buy a specialty paper unit from Switzerland-based Cham Paper Group for 146.5 million Swiss francs ($149 million), the company said on Tuesday.