Q3 2021 Sappi Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to the Sappi Limited Q3 2021 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. I'm going to go through the investor presentation which you all have, and I'll call out the page numbers as we move through the slides.
And I'm going to start on Page 3, which includes highlights for the quarter. I'm pleased to say that we did see a return to bottom line profitability after the significant impact of COVID over the last year. So that was a nice milestone. EBITDA overall was up to $145 million. That was up 29% on the prior quarter. So continued progress from the lows of COVID a year ago and we're pleased with the outcome.
In terms of the segments itself, firstly, it was a record EBITDA for packaging and specialities. And as you know, this is something that we've been strategically
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