Sappi delivers first-quarter Ebitda growth as higher selling …

Its earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended December 31, 2022, of $290-million, were 21% higher year-on-year and in line with guidance. The positive results were underpinned by year-on-year pricing gains for paper products, which offset cost inflation and lower sales volumes to deliver an Ebitda margin of 17.5%, Binnie says.