JSE-listed paper and dissolving wood pulp (DP) manufacturer Sappi has exceeded its expectations for the financial year ended September 30, despite having reported a decrease of 6.4% year-on-year in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $684-million. This performance was against the backdrop of a subdued macroeconomic environment, ongoing low consumer confidence and persistent geopolitical uncertainty.
