Mondi raises prices as margins falter

Mondi’s (MNDI) preliminary results show that trading conditions failed to improve significantly over the latter half of 2023, with profitability undermined by faltering demand and lower prices. And although orders have picked up in the early part of 2024, selling prices remain under pressure. The sustainable packaging and paper group is implementing price rises to bolster margins, and input costs stabilised through the period under review, but the trading backdrop remains generally unfavourable.