Sappi’s Q2 results still bear impact of pandemic

Although first quarter results of Sappi did not reach the record levels of the fourth quarter of 2022, the figures of the same quarter last year were still clearly exceeded. As with many companies in the paper industry, it was mainly the higher sales prices that more than compensated for increased costs and also lower...

Despite exceptional macroeconomic conditions, Sappi posted record earnings in the 2021/22 business year. Strong demand and the implementation of higher sales prices to cover rising costs led to increased margins in all product groups, the company said. For the business year ended 30 September, Sappi reported an...

Austria’s speciality fibres manufacturer Lenzing group retracted its earnings forecast for 2022 citing the drastic negative twist in market conditions in the current quarter. Demand for the rest of the 2022 fiscal year is difficult to foresee while costs cannot be anticipated due to very volatile energy and raw...