Edition:
United States

Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

7,290.00ZAc
18 Mar 2019
Change (% chg)

279.00 (+3.98%)
Prev Close
7,011.00
Open
7,011.00
Day's High
7,378.00
Day's Low
7,011.00
Volume
1,880,929
Avg. Vol
1,650,455
52-wk High
10,579.00
52-wk Low
6,801.00

Latest Key Developments (Source: Significant Developments)

Sappi Announces 450 Mln Euros Senior Notes Offering
Monday, 11 Mar 2019 03:30am EDT 

March 11 (Reuters) - Sappi Ltd ::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.  Full Article

Sappi Sees Q2 EBITDA in FY 2019 To Be Slightly Below That Of 2018
Wednesday, 6 Feb 2019 01:01am EST 

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 01:00am EST 

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 02:00am EST 

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 Africa's Sappi takes short term pain for long term gain

JOHANNESBURG, Nov 15 South African paper and pulp maker Sappi said on Thursday that its profit for the full year fell 4.4 percent as it ramped up investment to modernise plants and shift production to more profitable products.