Feb 05, 2020 / 02:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to Sappi Limited First Quarter of 2020 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded. I'd now like to hand the conference over to Mr. Steve Binnie. Please go ahead, sir.
Stephen Robert Binnie - Sappi Limited - CEO & Executive Director
Thank you. Good day, everybody. Thanks for joining us on the call today. As always, as I move through the investor presentation, I'll call out page numbers as I move through. And I'm going to start on Page 3, the highlights for the quarter.
You can see some of the earnings numbers on the left-hand side. The numbers are lower than they were a year ago. EBITDA, $139 million, lower than the prior year and predominantly because of the lower dissolving wood pulp prices, which had a significant impact on profitability.
I'm pleased to say that the packaging segment continues to grow, and the margins improved in that area and will continue to improve. And that's despite some pressure that we've experienced in our
Q1 2020 Sappi Ltd Earnings Call Transcript
Feb 05, 2020
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