Q3 2019 Sappi Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Sappi Limited's First Quarter of 2019 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.
Thank you. Good day, everybody, and thanks for joining us on the call today, where we're going to be talking about our third quarter 2019 results. As always, I'll call out the slides as I move through the presentation.
I'm going to start on Page 3, which has some of the highlights for the quarter. It was a challenging quarter for us across many of our major product categories. But the primary reasons that we encountered difficulty was firstly on graphic paper, we saw weak markets in Europe and U.S., both down double digit, which has meant that we had to take production downtime of about 89,000 tonnes. The impact of that was about $19 million on EBITDA. And then at the same time, we saw lower dissolving
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