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Sappi Limited

SAPJ.J

Latest Trade

3,659.00ZAc

Change

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Today's Range

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52 Week Range

3,422.00

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8,334.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Sappi Reports Qtrly HEPS Of 11 Cents

Nov 14 (Reuters) - Sappi Ltd <SAPJ.J>::SAPPI LTD - QTRLY SALES $1,454M VERSUS $1,535M.SAPPI LTD - QTRLY HEADLINE EPS 11 U.S. CENTS VERSUS 20 U.S. CENTS.SAPPI LTD - QTRLY BASIC EPS 9 U.S. CENTS VERSUS 20 U.S. CENTS.SAPPI LTD - QTRLY EPS EXCLUDING SPECIAL ITEMS 10 U.S. CENTS VERSUS 19 US.S CENTS.SAPPI LTD - QTRLY NET ASSET VALUE 359 US.S CENTS VERSUS 361 US.S CENTS.SAPPI LTD - PACKAGING AND SPECIALITIES SEGMENT DELIVERED IMPROVED MARGINS AND HIGHER PROFITS FOR QUARTER.SAPPI LTD - GROUP GENERATED EBITDA EXCLUDING SPECIAL ITEMS OF US$185 MILLION IN QUARTER, A DECREASE OF 17.5% OVER SAME QUARTER LAST YEAR.SAPPI - "MARKETS WE OPERATE ARE EXPECTED TO CONTINUE TO BE CHALLENGING IN COMING YEAR, AND PROFITABILITY LIKELY TO BE NEGATIVELY IMPACTED AS A RESULT".SAPPI LTD - SEES DWP PRICING TO HAVE A SIGNIFICANT IMPACT ON EARNINGS.SAPPI LTD - HAVE REDUCED WORKING CAPITAL, AMENDED DEBT COVENANTS, TARGETED FURTHER COST REDUCTIONS.SAPPI LTD - EVALUATING VARIOUS OPTIONS REGARDING PAPER MACHINES IN EUROPE IN ORDER TO LOWER FIXED COSTS AND MATCH CAPACITY TO DEMAND.SAPPI LTD - UNDERLYING DEMAND FOR DWP IS STILL GROWING AT RATES CONSISTENT WITH LONG-TERM FORECASTS.SAPPI LTD - GLOBAL GRAPHIC PAPER MARKETS CONTINUE TO EXPERIENCE WEAKNESS.SAPPI - PAYMENT OF ADJUSTED MATANE NET ACQUISITION PRICE OF APPROXIMATELY US$158 MILLION WILL BE MADE IN Q1 OF FINANCIAL YEAR, FUNDED VIA A NEW TERM LOAN.SAPPI LTD - EXPECT EBITDA IN Q1 OF FINANCIAL YEAR 2020 TO BE BELOW THAT OF 2019.

GE Announces An Order For A Multiyear Services Agreement With Sappi (Sappi Austria Produktions–GmbH & Co KG)

Oct 17 (Reuters) - General Electric Co <GE.N>::GE - ANNOUNCED AN ORDER FOR A MULTIYEAR SERVICES AGREEMENT WITH SAPPI (SAPPI AUSTRIA PRODUKTIONS–GMBH & CO KG).GE - WILL PROVIDE LONG-TERM MAINTENANCE SERVICES & PERFORMANCE UPGRADES ON A 42-MW GAS TURBINE SUPPLIED BY ANOTHER EQUIPMENT MANUFACTURER.

Sappi Says Allan Gray's Total Beneficial Interest In Co Increased To 15.0364%

Aug 27 (Reuters) - Sappi Ltd <SAPJ.J>::NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES.ALLAN GRAY'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 26 AUGUST 2019 HAS INCREASED TO 15.0364% OF ISSUED CAPITAL OF COMPANY.

Sappi Announces Proposed Acquisition Of Matane Mill From Rayonier Advanced Materials Group

Aug 1 (Reuters) - Sappi Ltd <SAPJ.J>::PROPOSED ACQUISITION BY SAPPI OF MATANE MILL FROM THE RAYONIER ADVANCED MATERIALS GROUP.SAPPI CANADA ENTERPRISES SIGNS AGREEMENT TO BUY MATANE HIGH YIELD HARDWOOD PULP MILL IN CANADA FROM RAYONIER ADVANCED MATERIALS FOR $175 MILLION.MATANE HIGH YIELD HARDWOOD PULP MILL HAS A CAPACITY OF 270 000 TONS PER ANNUM OF HIGH YIELD HARDWOOD PULP.TRANSACTION REPRESENTS AN OPPORTUNITY TO INCREASE SAPPI'S PULP INTEGRATION FOR BOTH ITS NORTH AMERICAN AND EUROPEAN PACKAGING BUSINESSES.SAPPI WILL FUND ACQUISITION THROUGH INTERNAL CASH RESOURCES AND AVAILABLE DEBT FACILITIES.INCREASED PULP INTEGRATION TO LOWER CO'S COSTS OF PULP, REDUCE VOLATILITY OF EARNINGS THROUGHOUT PULP CYCLE AND PROVIDE CERTAINTY OF SUPPLY.

Sappi Qtrly HEPS 2 U.S. Cents

Aug 1 (Reuters) - Sappi Ltd <SAPJ.J>::RESULTS FOR THE QUARTER ENDED JUNE 2019.CAPITAL EXPENDITURE FOR REMAINDER OF YEAR IS EXPECTED TO BE APPROXIMATELY US$200 MILLION.QTRLY HEADLINE EPS 2 US CENTS.QTRLY SALES DOWN 5% TO $1,371 MILLION.DWP PRICING IS EXPECTED TO CONTINUE TO BE UNDER PRESSURE WHILE VSF PRODUCERS ARE IMPACTED BY LOW MARGINS.EXPECT ANNUAL CAPEX LEVELS TO REDUCE OVER NEXT TWO YEARS.Q4 PROFITABILITY WILL LIKELY BE BELOW THAT OF PRIOR YEAR.

Sappi Completes Refinancing Transaction

March 26 (Reuters) - Sappi Ltd <SAPJ.J>::JSE: SAP - SAPPI ANNOUNCES COMPLETION OF REFINANCING TRANSACTION.SAPPI LTD - NET PROCEEDS FROM NOTE OFFERING WILL BE USED TO REDEEM ALL OF SPH'S OUTSTANDING EUR 450 MILLION SENIOR NOTES DUE 2022.SAPPI LTD - CLOSING OF OFFERING OF EUR 450 MILLION 3 % SENIOR NOTES DUE 2026 BY ITS SUBSIDIARY.SAPPI - NOW RAISED FUNDS SUFFICIENT TO PAY REDEMPTION PRICE OF, & ACCRUED INTEREST AND ADDITIONAL AMOUNTS PAYABLE ON, SPH'S OUTSTANDING 2022 NOTES.

Sappi Says Prices €450 Mln Senior Notes Offering

March 13 (Reuters) - Sappi Ltd <SAPJ.J>::SAPPI PRICES €450 MILLION SENIOR NOTES OFFERING. NET PROCEEDS OF OFFERING WILL BE USED TO REDEEM ALL OF SAPPI PAPIER HOLDING GMBH'S EUR 450 MILLION SENIOR NOTES DUE 2022.PRICED SAPPI PAPIER HOLDING GMBH'S BOND OFFERING TO RAISE EUR 450 MILLION OF NEW SENIOR NOTES DUE 2026 WITH A COUPON OF 3.125% PER ANNUM.

Sappi Announces 450 Mln Euros Senior Notes Offering

March 11 (Reuters) - Sappi Ltd <SAPJ.J>::JSE: SAP - SAPPI ANNOUNCES €450 MILLION SENIOR NOTES OFFERING.OFFERING OF EUR 450 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.NET PROCEEDS FROM THE OFFERING WILL BE USED TO REDEEM ALL OF SPH'S OUTSTANDING EUR 450 MILLION SENIOR NOTES DUE 2022.OFFERING OF SENIOR NOTES IS EXEMPT FROM REGISTRATION REQUIREMENTS OF U.S. SECURITIES ACT OF 1933.NOTES WILL BE ISSUED BY SAPPI PAPIER HOLDING GMBH A SUBSIDIARY OF SAPPI LIMITED.

Sappi Sees Q2 EBITDA in FY 2019 To Be Slightly Below That Of 2018

Feb 6 (Reuters) - Sappi Ltd <SAPJ.J>::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.

Sappi Says Investec's Total Beneficial Interest In Co Now 5.0035% Of Co's Issued Capital

Feb 5 (Reuters) - Sappi Ltd <SAPJ.J>::INVESTEC'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 05 FEBRUARY 2019 HAS INCREASED TO 5.0035% OF ISSUED CAPITAL OF COMPANY.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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