This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sappi CEO Discusses F1Q11 Results - Earnings Call Transcript

Sappi Limited (SPP)

F1Q11 Earnings Call

February 9, 2011 9:00 am ET

Executives

Ralph Boëttger - Chief Executive Officer

Berry Wiersum - Chief Executive Officer, Sappi Fine Paper Europe

Alex Thiel - Chief Executive Officer, Sappi Southern Africa

Mark Thompson - Chief Financial Officer

Mark Gardner - President and Chief Executive Officer, Sappi Fine Paper North America

Analysts

Myles Allsop - UBS

Tassin Meyer - Citigroup

Lars Kjellberg - Credit Suisse

David Smith - Macquarie

Alex Ovshey - Goldman Sachs

Phyllis Camara - Pax World Fund

Terek Hamid - JPMorgan

Presentation

Operator

Ladies and gentlemen, good afternoon and welcome to the Sappi Limited First-Quarter Results Conference Call. Please note that all participants on this call are currently in listen-only mode and will be presented with an opportunity to ask questions at the end of today's presentation. (Operator Instructions) Please note that this conference call is being recorded.

At this point in time I would now like to hand the conference call over to Sappi Limited Chief Executive, Mr. Ralph Boëttger. Thank you, and over to you, sir.

Ralph Boëttger

Thank you very much. Very good afternoon and good morning to you. And thank you for joining us for the Sappi first quarter 2011 results presentation. And I have with me a number of my colleagues as usual to answer any questions should you have.

I would like to draw your attention to the forward-looking statements and Regulation G disclosure requirements on slide 2.

Moving then on to the summary, our first quarter 2011 we had pleasing results, with earnings per share of $0.07 per share and that against a loss of $0.10 for the equivalent quarter in 2010. Operating profit excluding special items amounted to $137 million compared to $81 million for the same period a year ago. We have experienced improved demand and pricing for the majority of our products during the past quarter.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,945.76 -138.04 -0.81%
S&P 500 1,977.76 -10.22 -0.51%
NASDAQ 4,441.1830 -30.9250 -0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs