Paper and packaging giant Sappi has reported a recovery in its earnings before interest, taxes, depreciation and amortisation (Ebitda) from a low of $26-million in the quarter ended September 30, 2020, to $98-million in the quarter ended December 31, 2020 – the first quarter of the company’s 2021 financial year. CEO Steve Binnie says that, as a group, the company outperformed the guidance provided at the end of the September quarter, with profitability across all reporting segments exceeding expectations.
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