Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
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Metair – Trading Update
Key message: With Mutlu sold the strategy to focus on simplifying the capital structure is making good progress.
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Forestry & Paper: Sappi Q1 25A Insights
Key message: Sappi’s Q1 25A results exceeded our expectations, with adjusted EBITDA rising by +56% YoY and -10% QoQ to $203mn. Net debt declined by -1% QoQ to $1.406bn, resulting in a net debt-to-EBITDA ratio of 1.8x. As anticipated, guidance for Q2 points to a decline in profitability, both sequentially and YoY.