Sappi Limited Reports Mixed Fiscal Year 2024 Results

Sappi Limited ( (SPPJY) ) has released its Q4 earnings. Here is a breakdown of the information Sappi Limited presented to its investors.

Sappi Limited is a global company specializing in the production of woodfibre-based materials, offering products such as dissolving pulp, packaging papers, and speciality papers. In its latest earnings report for the fiscal year ending September 2024, Sappi reported adjusted EBITDA of US$684 million, down from US$731 million the previous year, amidst challenging macroeconomic conditions and geopolitical uncertainties. The company experienced strong performance in its pulp segment, particularly in South Africa, while paper markets showed slower than anticipated recovery. Notably, the packaging and speciality papers segment saw an 8% increase in sales volumes compared to the previous year, although lower selling prices affected margins. Despite facing challenges in the European markets, Sappi’s proactive management of capacity and cost-saving measures contributed to its profitability. Looking forward, Sappi anticipates favorable conditions in the dissolving pulp market and remains committed to its strategic initiatives, including the expansion of paperboard capacity, to strengthen its competitive position.