Sappi H1 2023 Half-Year Results Earnings

Sappi reported H1 2023 interim results showing underlying EBITDA of €680 million with strong operational cash generation of €554 million, supported by ongoing €1.2 billion in expansionary projects and the acquisition of Hinton Pulp mill. The company maintained a robust balance sheet with 0.8x net debt to EBITDA while advancing sustainability commitments despite challenging market conditions.