by Sean Ungerer | Feb 7, 2024 | Forestry and Paper
Sappi released Q1 24A results this morning: EBITDA was lower q-o-q, in line with guidance due to the impact of planned shuts ($45mn, ahead of the $40m guidance). Reported EBITDA came in at $156mn, with EPS of $0.08/share (excluding special items). Adjusting reported...
by Sean Ungerer | Feb 7, 2024 | Forestry and Paper
Sappi Q1 24E results tomorrow: Sappi will release Q1 24E results tomorrow at 8am, with a conference call at 4pm (Register for conference call or Register for the webcast). Sappi will also host its AGM tomorrow at 2pm (Download ESG report). Q1 24E earnings guidance:...
by Sean Ungerer | Jan 26, 2024 | Forestry and Paper
Sappi’s AGM will be held on Wednesday, 07 February 2024 at 14:00: The last day to trade in order to be eligible to attend and vote at the AGM is Tuesday, 30 January 2024. Refer to page 3 for the proposed resolutions. Sappi continued to make progress in terms of...
by Sean Ungerer | Jan 19, 2024 | Forestry and Paper
Paper pulp prices in Europe advance 3-4%: NOREXECO pulp futures for 24E infer that hardwood prices in China should fall around 4% in 2024, with some upside for prices in Europe (hardwood +2% & softwood: +1%). UTIPULP statistics for December revealed that...
by Sean Ungerer | Jan 12, 2024 | Forestry and Paper
Mixed moves for pulp prices: NOREXECO pulp futures for 24E infer the pulp rally is complete in China, with some upside for prices in Europe (hardwood +7% & softwood: +4%). Suzano and Eldorado have announced further BEK price increases ($10/t in China and $80/t in...
by Sean Ungerer | Dec 22, 2023 | Forestry and Paper
Mondi set to return c.€775mn (R15.8bn/£670mn) to shareholders following the sale of its Russian assets, in the form of a special dividend of €1.60/share (R32.6/£1.38): According to Mondi, the accompanying share consolidation is intended, as far as possible, to...
