Last 4,184
Change Today -1.00 / -0.02%
Volume 200.9K
SAP On Other Exchanges
Symbol
Exchange
Berlin
Johannesburg
OTC US
OTC US
As of 5:00 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

sappi limited (SAP) Snapshot

Open
$4,150
Previous Close
$4,185
Day High
$4,214
Day Low
$4,150
52 Week High
09/19/14 - $4,800
52 Week Low
12/27/13 - $3,043
Market Cap
21.9B
Average Volume 10 Days
1.3M
EPS TTM
$0.32
Shares Outstanding
522.5M
EX-Date
11/10/11
P/E TM
11.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for SAPPI LIMITED (SAP)

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sappi limited (SAP) 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 woodfree paper used in bags, labels, and 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 mechanical 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 in 1973. Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa.

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

sappi limited (SAP) Top Compensated Officers

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

sappi limited (SAP) Key Developments

Sappi Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2014; Provides Earnings Guidance for the First Quarter of Fiscal Year 2015 and Capital Expenditure Guidance for the Fiscal Year 2015

Sappi Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2014. For the quarter, the company reported sales of $1,505 million against $1,530 million a year ago. Operating profit excluding special items was $124 million against $67 million a year ago. EBITDA excluding special items was $200 million compared to $155 million a year ago. Profit for the period was $68 million or 13 cents per basic share compared to loss of $149 million or 29 cents per basic share a year ago. Net debt was $1,946 million compared to $2,247 million a year ago. Return on average equity was 24.7% compared to negative return on equity Of 48% a year ago. Net asset value per share was 199 cents compared to 219 cents a year ago. Operating profit was $76 million compared to operating loss of $110 million last year. Profit before taxation was $37 million compared to loss before taxation of $157 million last year. Cash generated from operating activities was $287 million compared to $207 million last year. Capital expenditure was $105 million compared to $103 million a year ago. For the year, the company reported sales of $6,061 million against $5,925 million a year ago. Operating profit excluding special items was $346 million against $180 million a year ago. EBITDA excluding special items was $658 million compared to $528 million a year ago. Profit for the period was $135 million or 26 cents per basic share compared to net loss of $182 million or 35 cents per basic share a year ago. Return on average equity was 12.3% compared to negative return on average equity of 13.6% a year ago. Net asset value per share was 199 cents compared to 219 cents a year ago. Net cash generated for the full financial year was $243 million compared to utilisation of $247 million last year. This significant turnaround was due to the improved operating cash generation, excellent working capital management, reduced capital expenditure and the receipt of proceeds of ZAR 1 billion from the sale of the Usutu forests. Operating profit was $314 million compared to operating profit of $19 million last year. Profit before taxation was $137 million compared to loss before taxation of $167 million last year. Cash generated from operating activities was $437 million compared to $246 million last year. Capital expenditure was $295 million compared to $552 million a year ago. The company expects to experience a cash outflow in first fiscal quarter of 2015 and this will lead to an increase in net debt as at the end of December 2014. Nevertheless, the company expects to reduce net debt further over the course of the year and reduce financial leverage towards target of two times net debt to EBITDA. The company expects the group EBITDA excluding special items in the first quarter to be similar to that achieved in the equivalent quarter last year, despite the improved underlying performance of the overall business. Capital expenditure in 2015 is expected to be in line with that of 2014, and focused largely on the investments at Kirkniemi and Gratkorn Mills. Based on current market conditions, the company believes that EBITDA excluding special items in the 2015 financial year will be broadly similar to that of 2014. The expected improvement in the underlying operational performance of the paper businesses will be offset by lower US Dollar dissolving wood pulp pricing and the impact of the projects at Gratkorn and Somerset.

Sappi Limited, Q4 2014 Earnings Call, Nov 10, 2014

Sappi Limited, Q4 2014 Earnings Call, Nov 10, 2014

Sappi Limited Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-02-2014 03:30 PM

Sappi Limited Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-02-2014 03:30 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Robert Rosenthal, Investor Relations Manager.

 

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