BRIEF-Sappi Reports Qtrly HEPS Of 11 Cents

  • Reuters
  • Stock Market News
BRIEF-Sappi Reports Qtrly HEPS Of 11 Cents
Credit: © Reuters.

Nov 14 (Reuters) - Sappi Ltd SAPJ.J :

* SAPPI LTD - QTRLY SALES $1,454M VERSUS $1,535M

* SAPPI LTD - QTRLY HEADLINE EPS 11 U.S. CENTS VERSUS 20 U.S. CENTS

* SAPPI LTD - QTRLY BASIC EPS 9 U.S. CENTS VERSUS 20 U.S. CENTS

* SAPPI LTD - QTRLY EPS EXCLUDING SPECIAL ITEMS 10 U.S. CENTS VERSUS 19 US.S CENTS

* SAPPI LTD - QTRLY NET ASSET VALUE 359 US.S CENTS VERSUS 361 US.S CENTS

* SAPPI LTD - PACKAGING AND SPECIALITIES SEGMENT DELIVERED IMPROVED MARGINS AND HIGHER PROFITS FOR QUARTER

* SAPPI LTD - GROUP GENERATED EBITDA EXCLUDING SPECIAL ITEMS OF US$185 MILLION IN QUARTER, A DECREASE OF 17.5% OVER SAME QUARTER LAST YEAR

* SAPPI - "MARKETS WE OPERATE ARE EXPECTED TO CONTINUE TO BE CHALLENGING IN COMING YEAR, AND PROFITABILITY LIKELY TO BE NEGATIVELY IMPACTED AS A RESULT"

* SAPPI LTD - SEES DWP PRICING TO HAVE A SIGNIFICANT IMPACT ON EARNINGS

* SAPPI LTD - HAVE REDUCED WORKING CAPITAL, AMENDED DEBT COVENANTS, TARGETED FURTHER COST REDUCTIONS

* SAPPI LTD - EVALUATING VARIOUS OPTIONS REGARDING PAPER MACHINES IN EUROPE IN ORDER TO LOWER FIXED COSTS AND MATCH CAPACITY TO DEMAND

* SAPPI LTD - UNDERLYING DEMAND FOR DWP IS STILL GROWING AT RATES CONSISTENT WITH LONG-TERM FORECASTS

* SAPPI LTD - GLOBAL GRAPHIC PAPER MARKETS CONTINUE TO EXPERIENCE WEAKNESS

* SAPPI - PAYMENT OF ADJUSTED MATANE NET ACQUISITION PRICE OF APPROXIMATELY US$158 MILLION WILL BE MADE IN Q1 OF FINANCIAL YEAR, FUNDED VIA A NEW TERM LOAN

* SAPPI LTD - EXPECT EBITDA IN Q1 OF FINANCIAL YEAR 2020 TO BE BELOW THAT OF 2019

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100