Half Year Results 

Mondi constrained by maintenance issues

Mondi constrained by maintenance issues

Given the constraints on profitability, a 6 per cent fall in underlying operating profits to €497m (£449m) actually represents a reasonable outcome for Mondi (MNDI) at the half-year mark. Sales improved on the back of increased global demand, and the paper and packaging group maintained the gross margin at 43.6 per cent despite higher raw material costs. But it also had to contend with increased maintenance shutdowns at its mills, which shaved €40m off profits, along with a significantly lower forestry fair value gain, down to €20m from €48m a year earlier.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now