Q4 2020 Sappi Ltd Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to the Sappi Limited Q4 2020 Results. (Operator Instructions) Please note that this call is being recorded. I would now like to turn the conference over to Steve Binnie. Please go ahead, sir.
Thank you. Good day, everybody. Thanks for joining us for our results call this year ended 2020 and obviously, with a focus on the fourth quarter results. I'll call out the slide numbers as I move through the presentation deck.
And starting on Page 3, which is some of the highlights for the year as a whole. And clearly, obviously, the story is around COVID, had a significant impact on our business and our profitability. The year was a tale of 2 halves. The first part of the year, we started reasonably okay. And obviously, we did have lower dissolving pulp prices. But generally, the business was doing satisfactory, and we were expecting a recovery in dissolving pulp prices in the second half of the year. And in fact, the momentum was there for that as we
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