The share price of Mondi (MNDI) dipped after the paper and packaging group confirmed that a lower forestry value gain and inflationary cost pressures had constricted profit growth in 2017, while selling prices for its main paper grades were, on average, below those of the comparable prior year period.
IC TIP:
Hold
at
1979p
But this was set against increasing sales volumes for the consumer packaging, fibre packaging and packaging paper divisions. Mondi also implemented price increases across several paper grades, although these had a limited impact in the quarter under review.