Tag Archives: FY2021

Sappi announces strong recovery after Covid-19 impact

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very pleased with Sappi’s strong recovery and our return to profitability for the year. I wish to recognise the dedication and resilience of the Sappi team in turning a loss of US$135 million in 2020 into a profit of US$13 million […]

Sappi continues recovery in results for second financial quarter 2021

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the steady recovery from the ongoing challenges of the Covid-19 pandemic. EBITDA continued to improve quarter-on-quarter from a low of US$26m in our third quarter of 2020 through US$98m in the previous quarter to US$112 for the current quarter, […]