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  • Letter to stakeholders

    In 2017, we achieved all of our short-term targets and made significant strides towards our 2020Vision. We now have greater flexibility to increase investments in
    strategic growth.

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  • Q & A with the CEO

    Steve Binnie

    Net profit for the year increased by 6% to US$338 million

    EBITDA increased by 6% to US$785 million

    Dividend declared
    15 US cents

    Net debt declined to US$1,322 million


    Each of our regions improved its operating performance and cash generation exceeded our own goals, as a result, we now have greater flexibility to increase investments in strategic growth.

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  • Chief Financial Officer’s Report

    Glen Pearce

    Net profit for the year increased by 6% to US$338 million

    EBITDA increased by 6% to US$785 million

    Dividend declared
    15 US cents

    Net debt declined to US$1,322 million


    As we continue on our 2020Vision journey, we have moved into an exciting new phase.
    We are satisfied with the level of our gearing on the balance sheet and it enables
    us to focus on investing for growth.

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Our performance in 2017

The successful execution of our strategy delivered a further increase in earnings in 2017.

We invested capital in lowering our cost base at a number of mills during the year and repaid debt in order to lower our future debt service costs. We have also started investing for growth in our specialities and packaging papers business, with investments in both Europe and North America to convert graphic paper machines to specialities and packaging papers grades. The previous investments in dissolving wood pulp and specialities and packaging papers again delivered strong performances in the year.


Net debt
(US$ million)
 

EBITDA margin
by region (%)

 

Energy intensity
(GJ/adt)

 

Reduction of
GHG emissions (tCO2)
 


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Where we operate

Europe

  • 6 paper mills
  • 1 speciality paper mill
  • 18 sales offices

5,201

employees

Europe

North America

  • 1 paper mill
  • 1 speciality paper mill
  • 1 paper and specialised
       cellulose mill
  • 6 sales offices

2,079

employees

North America


Southern Africa

  • 2 paper mills
  • 1 specialised cellulose mill
  • 1 paper and specialised
        cellulose mill
  • 1 sawmill
  • 6 sales offices

479,000ha

forests

4,701

employees

Southern Africa

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Our strategy

Through intentional evolution we will continue to grow Sappi into a profitable and cash-generative, diversified woodfibre group – focused on dissolving wood pulp, paper and products in adjacent fields.

At Sappi we do business with integrity and courage; making smart decisions which we execute with speed. Our values are underpinned by an unrelenting focus and commitment to safety.

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