Nov 14, 2019 / 02:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to Sappi Limited Fourth Quarter and Full Year of 2019 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I'd now like to hand the conference over to Mr. Steve Binnie. Please go ahead, sir.
Stephen Robert Binnie - Sappi Limited - CEO & Executive Director
Thank you. Good day, everybody, and welcome to our results call for the year ended 2019 -- financial year ended 2019. As always, I'll go through the investor presentation, and as I go through each slide, I'll call out the page numbers.
Starting on Page 3, the highlights for the year. It was a difficult year for us. However, EBITDA was down 10% to $687 million. That was as a consequence of lower dissolving pulp prices, which we saw drop considerably during the year, almost $300 a ton. And then we saw weak graphic paper markets between -- down between 8% and 12% in the regions that we operate, which forced us to take 268,000 tons of downtime. We did have higher dissolving pulp sales following
Q4 2019 Sappi Ltd Earnings Call Transcript
Feb 15, 2024
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