Jul 30, 2020 / 01:00PM GMT
Operator
Good day, ladies and gentlemen, and welcome to Sappi Limited Third Quarter of 2020 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. Thanks for joining us. I will be going through the investor presentation and calling out page numbers as I move through so that you can follow.
Starting on Page 3, the highlights for the quarter. And obviously, the severe impact from COVID tells a big story about the results for the quarter. It had a substantial impact on profitability, predominantly on sales volumes, and that was mainly associated with our 2 largest segments: graphic paper, which was down in volume terms 40%; and dissolving pulp, 29%. So you can see it was a significant impact.
As you look at the quarter, April was tough, but then May and June were even harder. It looks like dissolving pulp bottomed in late May in
Q3 2020 Sappi Ltd Earnings Call Transcript
Feb 15, 2024
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