Sappi Ltd (OTCPK:SPPJY)
$ 3.125 -0.045 (-1.42%) Market Cap: 1.84 Bil Enterprise Value: 3.26 Bil PE Ratio: 127.39 PB Ratio: 0.70 GF Score: 79/100

Q2 2022 Sappi Ltd Earnings Call Transcript

May 12, 2022 / 01:00PM GMT
Release Date Price: $3.72
Stephen Robert Binnie
Sappi Limited - CEO & Executive Director

Good day, everybody, and thanks for joining us. As always, I'll move through the investor presentation calling out the page numbers as I go. And I'm going to start on Page 3.

And I'm very proud to say that this was a very strong quarter for Sappi, a period of record performance in Sappi's history, the highest ever EBITDA, the highest ever EBITDA for European business, the highest ever EBITDA for our North American business, the highest ever EBITDA for our packaging business. And as I say, I'm just very proud of the performance from the -- particularly from the lows of COVID less than 2 years ago.

And it's been quite a journey. And it doesn't come easy. I think it's through a lot of hard work, a lot of resilience in the business. And ultimately, the success that we're achieving is -- I'm very pleased that it's broad-based. And despite the kind of headwinds that we're currently facing. And the business is in a much better place, and we're going to be coming -- we're, obviously, coming out of COVID much, much stronger and

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