12 Nov 2021 --- Sappi has announced a robust COVID-19 recovery in its full-year financial results. Steve Binnie, Sappi’s CEO, was “very pleased” with the results after the paper packaging company turned a US$135 million loss in 2020 into a profit of US$13 million for 2021. Moreover, EBITDA also increased by 40% over the prior year. Year highlights included a profitability recovery for the dissolving pulp segment, driven by “buoyant demand,” “significantly better market prices,” and North America delivering its highest financial year EBITDA in over a decade.
