Sappi Ltd S/Adr (SPPJY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the SAPI Q3 2026 results conference call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your speaker today, CEO Steve Binnie. Please go ahead. Thank you, operator. Good day to everyone. Thanks for joining. As always, move through the investor presentation, calling out page numbers as we move through. And just quickly starting on page two, I just draw your attention to the comments on forward-looking statements. Moving to page three, which is really just a high level summary of the quarter. It's fair to say that we still have challenging market conditions with volatile economic macro factors taking place, which has had an impact on a number of our costs, which is obviously impacting on the margins. and also selling prices for our products. On top of that, we continue to feel the impact of the strong Rand against the US dollar. On the positive side, I'm pleased with the progress that we're making in North America as we increase our sales volumes on the packaging side, on the SBS side specifically. This is a reminder that the quarter did contain the Ngadwana shut, the annual maintenance shut, which had an impact of $22 million. So all in all, a tough quarter, but we are beginning to see some green shoots and positive momentum on selling prices, and I'll talk a little bit more about that. and Eva Dov, 53 million, which was in line with the guidance that we put out a couple ...