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Last €3.36 EUR
Change Today +0.117 / 3.61%
Volume 0.0
SPI On Other Exchanges
Symbol
Exchange
Berlin
Johannesburg
OTC US
OTC US
As of 1:35 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

sappi limited (SPI) Snapshot

Open
€3.34
Previous Close
€3.24
Day High
€3.45
Day Low
€3.27
52 Week High
03/19/15 - €3.97
52 Week Low
12/16/14 - €2.43
Market Cap
1.8B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
522.5M
EX-Date
11/10/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SAPPI LIMITED (SPI)

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sappi limited (SPI) Details

Sappi Limited manufactures and sells dissolving wood pulp, paper pulp, and paper based solutions to direct and indirect customers worldwide. It offers coated woodfree paper used for marketing promotions and brochures, catalogues, corporate communications materials, direct mail, textbooks, and magazines; uncoated woodfree paper used for business forms, business stationery, tissues, photocopy paper, books, brochures, and magazines, as well as cut-size, preprint, and office paper; specialty paper used in bags, labels, and flexible and rigid packaging applications; and release paper for use in textile, automotive, furniture, and engineering film markets. The company also provides coated mechanical fiber based paper primarily used for magazines, catalogues, and advertising materials; and newsprint paper for use in advertising inserts and newspapers. In addition, it offers packaging paper products, which comprise containerboards, sackkraft, and machine glazed kraft used for primary and secondary packaging of fast moving consumer goods, and agricultural and industrial products. Further, the company provides paper pulp used in the production of printing, writing, and packaging paper; and dissolving wood pulp paper for the manufacture of viscose staple fibers, solvent spun fibers, and filaments, as well as for conversion into chemical derivatives of cellulose. Additionally, it offers sawn timber for construction and furniture manufacturing purposes. Sappi Limited’s customers include printers, publishers, corporate end-users, merchants, suppliers, and converters. The company was formerly known as South African Pulp and Paper Industries Limited and changed its name to Sappi Limited in 1973. Sappi Limited was founded in 1936 and is headquartered in Braamfontein, South Africa.

13,064 Employees
Last Reported Date: 12/21/14
Founded in 1936

sappi limited (SPI) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $731.1K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $534.5K
Compensation as of Fiscal Year 2014.

sappi limited (SPI) Key Developments

Sappi Reports Second Quarter and Six Months Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Sappi reported second quarter and six months ended March 31, 2015. For the quarter, the company reported sales of $1,338 million compared with $1,573 million for the same period last year. Operating profit excluding special items was $104 million compared with $95 million for the same period last year. EBITDA excluding special items was $170 million compared with $171 million for the same period last year. Profit for the period was $56 million or 11 cents basic per share compared with $32 million or 6 cents basic per share for the same period last year. Net debt was $1,916 million compared with $2,248 million for the same period last year. Return on average equity was 20.4% compared with 11.3% for the same period last year. Net cash generation for the quarter of $82 million was lower than the net cash generated of $132 million in the equivalent quarter last year as a result of lower working capital inflows due to inventory increases during the period. Capital expenditure in the quarter was $46 million and mainly related to maintenance and efficiency projects. For the six months, the company reported sales of $2,715 million compared with $3,072 million for the same period last year. Operating profit excluding special items was $178 million compared with $155 million for the same period last year. EBITDA excluding special items was $315 million compared with $318 million for the same period last year. Profit for the period was $80 million or 15 cents basic per share compared with $50 million or 10 cents basic per share for the same period last year. Net debt was $1,916 million compared with $2,248 million for the same period last year. Return on average equity was 14.7% compared with 8.7% for the same period last year. For 2015, the company expected capital expenditure in 2015 is expected to be approximately $280 million and is focussed largely on maintenance projects and efficiency improvement investments at its Kirkniemi and Gratkorn Mills. The company expects to reduce net debt levels further by year-end.

Sappi Limited, Q2 2015 Earnings Call, May 14, 2015

Sappi Limited, Q2 2015 Earnings Call, May 14, 2015

Sappi Plans to Build a Pilot Facility for Low-Cost Nanocellulose

Sappi announced that it plans to build a pilot facility for low-cost nanocellulose at Sittard-Geleen in the Netherlands, the South African wood pulp and paper firm said on Wednesday. The facility would break down wood pulp into nanocellulose or Cellulose NanoFibrils (CNF). CNF could be used in many applications, for example in fibre-reinforced composites and plastics, in food and pharmaceuticals, in rheology modifiers, as well as in barrier and other paper and coating applications, Sappi said. The pilot plant will build on technology developed by Sappi and Scotland's Edinburgh Napier University. The facility, expected to become operational within nine months, would be a precursor for a potential commercial CNF plant, Sappi added.

 

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