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Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

5,085.35ZAc
17 Jul 2019
Change (% chg)

-140.65 (-2.69%)
Prev Close
5,226.00
Open
5,168.00
Day's High
5,212.00
Day's Low
5,027.00
Volume
1,938,854
Avg. Vol
1,978,424
52-wk High
10,579.00
52-wk Low
4,900.00

Latest Key Developments (Source: Significant Developments)

Sappi Completes Refinancing Transaction
Tuesday, 26 Mar 2019 08:35am EDT 

March 26 (Reuters) - Sappi Ltd ::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.  Full Article

Sappi Says Prices €450 Mln Senior Notes Offering
Wednesday, 13 Mar 2019 01:05am EDT 

March 13 (Reuters) - Sappi Ltd ::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.  Full Article

Sappi Says Investec's Total Beneficial Interest In Co Now 5.0035% Of Co's Issued Capital
Tuesday, 5 Feb 2019 07:58am EST 

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

Sappi Ltd Qtrly EPS Ex. Items $0.19
Thursday, 15 Nov 2018 02:00am EST 

Nov 15 (Reuters) - Sappi Ltd ::FY DIVIDEND OF 17 US CENTS (FY17: 15 US CENTS).QTRLY EPS EXCLUDING SPECIAL ITEMS 19 US CENTS.QTRLY SALES $1,535 MILLION VERSUS $1,411 MILLION.DEBOTTLENECKING OF SAICCOR, NGODWANA, CLOQUET & FEWER PRODUCTION DISRUPTIONS IN 2019 SHOULD LEAD TO INCREASED DWP SALES VOLUMES.CAPITAL EXPENDITURE IN 2019 IS EXPECTED TO INCREASE TO US$590 MILLION.EXPECT EBITDA IN Q1 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE COMFORTABLY HIGHER THAN THAT OF 2018.  Full Article

Sappi Sees Q4 Capex To Be About 180 Mln Dollars
Monday, 13 Aug 2018 03:00am EDT 

Aug 13 (Reuters) - Sappi Ltd ::QTRLY EBITDA EXCLUDING SPECIAL ITEMS US$155 MILLION (Q3 2017: US$155 MILLION).QTRLY PROFIT FOR PERIOD US$51 MILLION (Q3 2017: US$58 MILLION).EXPECT TO REDUCE NET DEBT FURTHER IN COMING QUARTER.QTRLY SALES $1,445 MILLION VERSUS $1,260 MILLION REPORTED A YEAR EARLIER.CAPITAL EXPENDITURE IN LAST QUARTER IS EXPECTED TO BE APPROXIMATELY US$180 MILLION.SAPPI LTD SAYS NAV PER SHARE AT QUARTER-END 342 CENTS VERSUS 304 CENTS REPORTED A YEAR EARLIER.EXPECT TO START COMMERCIAL SALES OF FIRST QUALITY PAPERBOARD IN Q4.ANTICIPATE SIGNIFICANTLY IMPROVED PACKAGING SALES VOLUMES IN COMING FINANCIAL YEAR.EXPECT GROUP'S Q4 OPERATING PERFORMANCE TO BE SIMILAR TO THAT OF LAST YEAR.MARKET PRICES ARE EXPECTED TO REMAIN STABLE AT CURRENT LEVELS.Q4 AVERAGE REALISED DWP PRICES SHOULD BE IN LINE WITH THOSE OF Q3.  Full Article

Sappi Says Group's Q2 Operating Performance Expected To Be Slightly Below Prior Year
Wednesday, 7 Feb 2018 01:00am EST 

Feb 7 (Reuters) - Sappi Ltd ::Q1 ‍EBITDA EXCLUDING SPECIAL ITEMS US$172 MILLION (Q1 2017 LIKE-FOR-LIKE US$181 MILLION)​.Q1 ‍EPS EXCLUDING SPECIAL ITEMS 14 US CENTS (Q1 2017 16 US CENTS)​.‍Q1 PROFIT FOR PERIOD US$63 MILLION (Q1 2017 US$90 MILLION)​.‍Q1 NET DEBT US$1,349 MILLION (Q1 2017 US$1,338 MILLION)​.Q1 ‍NET CASH UTILISED WAS US$14 MILLION, COMPARED TO US$17 MILLION CASH GENERATED IN EQUIVALENT QUARTER LAST YEAR​.‍CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE APPROXIMATELY US$500 MILLION​.‍GROUP'S Q2 OPERATING PERFORMANCE IS EXPECTED TO BE SLIGHTLY BELOW THAT OF PRIOR YEAR.ADVANCING PLANS FOR POSSIBLE EXPANSION OF SAICCOR MILL BY 110,000 TONS PER ANNUM​.  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

Sappi says Q3 profit at $58 mln vs $32 mln
Thursday, 3 Aug 2017 03:00am EDT 

Aug 3 (Reuters) - Sappi Ltd ::Q3 PROFIT FOR PERIOD US$58 MILLION (Q3 2016 US$32 MILLIO.Q3 NET DEBT US$1,318 MILLION, DOWN US$265 MILLION YEAR-ON-YEAR.Q3 EPS EXCLUDING SPECIAL ITEMS 11 US CENTS (Q3 2016 11 US CENTS).Q3 NET CASH GENERATED WAS US$30 MILLION, COMPARED TO US$82 MILLION GENERATED IN EQUIVALENT QUARTER LAST YEAR.Q3 PROFITABILITY IN NORTH AMERICAN BUSINESS WAS SAME AS PRIOR YEAR.Q3 SALES AT $1.26 BILLION VERSUS $1.22 BILLION YEAR AGO.  Full Article

Pulp helps paper maker Stora Enso Q1 profits

HELSINKI, April 25 Finnish paper firm Stora Enso reported higher-than-expected first quarter profit on Thursday helped by its pulp division.