Sappi

🎥 Our Group CEO, Steve Binnie, announces our financial performance for Q4 and the full year 2024. Our results have exceeded expectations, showcasing the strength and resilience of our team and business model. A key highlight was the pulp segment’s strong performance, driving record profitability for the South African region. Additionally, significant fixed costs savings were achieved through our strategic rationalisation actions. Looking ahead to 2025, we are optimistic about our growth prospects and anticipate that Adjusted EBITDA for Q1 FY25 will be significantly above that of Q1 FY24. 📈 Read our Q4 and full FY24 financial results: https://bit.ly/4eiDfRc 

What role will the pulp and paper industry play in the future of our world? A pivotal one. By driving innovation across the value chain, the industry is helping transition away from fossil-fuel-based products like single-use plastics and is playing a key role in the decarbonisation of industrial processes.   ABB’s new industry paper: Innovating for tomorrow: How the pulp and paper industry is turning the page for a sustainable future is the first in a three-part series and highlights the innovations within the pulp and paper industry that are advancing sustainability.    The paper highlights Sappi’s commitment to sustainability and we are honored to be featured in this paper, with Tracy Wessels, Group Head of Sustainability and Investor Relations at Sappi sharing key insights and reaffirming our company's commitment to sustainable practices.    With strong leadership and investment in innovation, the pulp and paper industry will help lead the way toward a sustainable, low-carbon future. Download the industry paper now: https://lnkd.in/eNxtdzu4 #PulpandPaper #RealProgress #Sustainability #Innovation 

COP29 is a good moment to take stock of past progress and assess future opportunities. That's why the publication of WBCSD – World Business Council for Sustainable Development's Business Breakthrough Barometercomes at an opportune moment.   It clearly demonstrates industry ambition to co-create positive sustainable change with governments; nevertheless, 90% of those surveyed say they'd invest more if governments implemented policies to address sector-specific barriers. Sappi strongly supports the findings of this report.    Compared to our 2019 baseline, Sappi's absolute GHG emissions have decreased over 30% across the past 5 years through increased use of renewable energy, more efficient electricity self-generation & efficient energy management. Our climate action also relies on value chain collaboration & intense forestry research to mitigate climate change effects. But we recognise more could be done to deliver a just transition that leaves no one behind. That's why we'd love to work closer with policymakers to ensure that the investment case and infrastructure development continue to support and accelerate businesses' large-scale investments.

Our North American business delivered a solid performance within the context of a slower than anticipated recovery in paper markets following the destocking cycle of 2023📊. The conversion and expansion of Somerset PM2 to paperboard progressed well during the quarter and is on schedule for start-up in April 2025. This strategic investment is integral to the Thrive Strategy to reduce exposure to declining graphic paper markets and increase capacity in growing packaging markets.  📢 Our North American CEO, Michael Haws, shares his plans for the business in 2025.  #SappiFinancialResults

Our financial results for Q4 and full year FY24 are in and we are pleased to announce our Europe regional EBITDA has recovered to €36 million, benefiting from closure and sale of the Stockstadt & Lanaken mills. Sappi Europe CEO, Marco Eikelenboom, gives more insight 📊 Link to full set of results in the comments 👇

This week we announced a record financial quarter for Sappi Southern Africa. Through perseverance, we managed to achieve Adjusted EBITDA of ZAR2,033 million. The success was largely driven by variable cost savings and favourable selling prices for dissolving pulp. Our outlook for 2025 is optimistic with the long-term favourable outlook for our sustainably produced packaging and speciality paper products remaining unchanged, and demand from our customers in South Africa is healthy. 🔊 Sound on to hear more from our Sappi Southern Africa CEO, Alexander Thiel.  #SappiFinancialResults

We are pleased to share that Sappi has delivered a robust set of results for Q4 and the full financial year 2024, surpassing expectations. We achieved Adjusted EBITDA of US$684 million for the full year, and our fourth quarter Adjusted EBITDA exceeded the previous year by approximately 35%. While we continue to navigate economic challenges, fluctuating demand in some of our markets and ongoing global macroeconomic challenges, we anticipate that the Adjusted EBITDA for the first quarter of FY2025 will be significantly above that of the equivalent quarter of the prior year. Read the full set of results here: https://bit.ly/4eiDfRc

We’re excited to support the launch of Reporting Matters 2024, the annual review of corporate sustainability reporting from the WBCSD – World Business Council for Sustainable Development (WBCSD), developed in collaboration with Radley Yeldar.   This year’s theme, “Changing Gears: How are companies navigating higher expectations and demands in sustainability reporting?", will provide valuable insights and strategies for businesses like Sappi to meet these new challenges head-on. The report will offer comprehensive insights from 181 corporate reports, exploring best practices, key developments, and strategies for companies in the paper and packaging industry.   Besides Sappi's active engagement in the WBCSD's Forest Solutions Group, Sappi recognises that broader sustainable transformation requires multi-industry, cross-functional collaboration to ensure the right tools and roadmaps can be activated for the benefit of climate, nature and equity.   🎙️ Don’t miss the chance to hear from experts during the launch webinars on 7 & 8 November.  🔗 Register at the link in the comments section below.

We believe that it is humanity’s responsibility to create sustainable solutions. As such, the November AI calendar image reflects the integration of innovation and humanity into nature in a surreal interpretation. For us, innovation is driven by understanding our customers and their needs. Our focus is unlocking the power of renewable resources to benefit people, communities, and the planet 🌍. #ShapesOfSappi

Sappi has been ranked 7th and recognised as one of the World’s Top Companies For Women for 2024 by Forbes and Statista! 🎉 This prestigious recognition reflects our unwavering commitment to gender equality and the significant strides we have made in creating an inclusive workplace where women can thrive. The ranking is based on employer brand, public opinion, and leadership scores, derived from approximately 100,000 interviews across 37 countries.   We have been acknowledged for our efforts in gender pay equity, addressing female discrimination concerns, and ensuring equal opportunities for advancement. At Sappi, we believe that diversity and inclusion are not just goals but integral to our success. This recognition is a testament to the hard work and dedication of our entire team. We remain committed to fostering an environment where everyone, regardless of gender, can achieve their full potential. Thank you to all our employees for making this possible. Together, we are shaping a brighter, more inclusive future. 🌍💪 Read the full Forbes article at the link in the comments.