2016 Annual Integrated Report
Letter to stakeholders
from the Chairman and CEO
2016 was another successful year for Sappi
"Each of our regions improved its operating performance and cash generation exceeded our own goals, allowing us to reduce net debt to below two times EBITDA, a target we achieved one year ahead of plan. As a result, we now have greater flexibility to increase investments in strategic growth."
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Q & A with the CEO
Steve Binnie
Focus on strategy
"One of the pillars of our strategy is to grow through moderate investments in areas that offer growth and improved margins."
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Chief Financial Officer's report
Glen Pearce
Financial highlights
"Finance costs were 66% of the prior period as the benefits of refinancing debt at lower rates takes effect."
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Our performance in 2016

The successful execution of our strategy delivered a further significant increase in earnings in 2016 and our return to the JSE Top 40 index.

Where we operate

Sappi is a global company with operations in North America, Europe and Southern Africa and is focused on providing dissolving wood pulp, paper pulp and paper-based solutions to its direct and indirect customer base across more than 150 countries. Our production includes:
Paper per year
5.4 million tons
Paper pulp per year
2.3 million tons
Dissolving wood pulp per year
1.3 million tons
Globally we have
12,000 employees
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