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Mondi packages up decent return

Prices rises outpace cost inputs
February 23, 2023
  • Cash from continuing operations up 29 per cent to €1.29bn
  • Net debt cut by €700mn to €1bn

A doubling of profits at packaging group Mondi (MNDI) on the back of strong top-line growth was met with a sell-off in its shares as investors took more notice of what the company said about a more bearish economic outlook.

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