Report
Joan Sehim

Sappi : Lockdown and heavy rains can be managed

The next results for Q2 2021/22 (January – March 2022) to be released on 12 may (Thursday) are expected to be strong, marking the seventh consecutive quarter of EBITDA growth and deleveraging. We expect management to deliver a softer guidance for Q3 2021/22 (April – June 2022), mainly due to the lockdown in China (Asia represents 21% of revenues by destination) and, to a lesser extent, the 10-day production shutdown in South Africa following heavy rains in April. That said, these...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Joan Sehim

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