JSE-listed renewable woodfibre-based products company Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda) decreased to $156-million for the first quarter of its 2024 financial year, compared with Ebitda of $290-million reported for the first quarter of the prior financial year. However, the company also reduced its net debt to $1.21-billion as at December 31, down from $1.24-billion in the prior comparable quarter.