Sappi Limited (OTCPK:SPPJY) Q3 2025 Earnings Conference Call August 7, 2025 9:00 AM ET
Company Participants
Glen Thomas Pearce – CFO & Executive Director
Graeme Wild – CEO of Sappi Southern Africa
Marco Eikelenboom – Chief Executive Officer of Sappi Europe
Michael George Haws – Chief Executive Officer of Sappi North America
Mohamed Iqbal Mansoor – Executive Vice President of Sappi Pulp
Stephen Robert Binnie – CEO & Executive Director
Conference Call Participants
Brian Morgan – Morgan Stanley, Research Division
Ephrem Ravi – Citigroup Inc., Research Division
James Perry – Citigroup Inc., Research Division
James Twyman – Prescient Securities (Pty) Ltd., Research Division
Reinhardt van der Walt – BofA Securities, Research Division
Sean Ungerer – Chronux Research Pty. Ltd
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Operator
Good day, and thank you for standing by. Welcome to the Sappi Q3 2025 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Steve Binnie, CEO. Please go ahead.
Stephen Robert Binnie
Good day, everybody, and thanks for joining. As always, I’ll go through the investor presentation, calling out page numbers as I move through. And just starting on Page 2, we’ve got the comments around forward-looking statements there for you to refer to. Page 3, just putting the quarter in context. Obviously, it’s been a challenging quarter marked by ongoing global economic weakness, partially, obviously, driven by the tariffs and the trade tensions, but broader macroeconomic challenges as well. And that’s had a significant impact on selling prices, particularly for us, obviously, dissolving pulp, which we saw substantially lower. But not only that, we’ve seen packaging grades in all our regions, packaging and specialty grades coming under a bit of pressure. And then specifically in Europe and export markets, graphic paper also coming under some selling price pressure.
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