Sappi Ltd 2016 IR
The report highlights Sappi's financial and operational performance for the fiscal year ended September 2016, showcasing a significant 91% increase in net profit to US$319 million and an 18% increase in EBITDA to US$739 million. The company successfully reduced its net debt to US$1,408 million, achieving its leverage target of under two times EBITDA a year ahead of schedule. Key strategic achievements included expanding the speciality packaging paper business and establishing a new business unit, Sappi Biotech, to commercialize biomaterials. On the environmental front, Sappi improved its energy self-sufficiency and returned 92% of extracted water to the environment, although it faced challenges in safety with four tragic fatalities in its South African operations.
Company: Sappi Ltd
Sector: Materials
Country: South Africa
Year: 2016
Type: IR
Pages: 106
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Sappi Ltd
Annual Integrated Report
The report highlights Sappi's financial and operational performance for the fiscal year ended September 2016, showcasing a significant 91% increase in net profit to US$319 million and an 18% increase in EBITDA to US$739 million. The company successfully reduced its net debt to US$1,408 million, achieving its leverage target of under two times EBITDA a year ahead of schedule. Key strategic achievements included expanding the speciality packaging paper business and establishing a new business unit, Sappi Biotech, to commercialize biomaterials. On the environmental front, Sappi improved its energy self-sufficiency and returned 92% of extracted water to the environment, although it faced challenges in safety with four tragic fatalities in its South African operations.
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Document Details
Report Year
2016
Reporting Period
Oct 2015 - Sep 2016
Fiscal Year
2016
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Total Waste
Workplace Fatalities
Employees