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  2. Share Prices
  3. Mondi Share Price
  4. Mondi Share News
  5. Mondi Q3 earnings fall on weak demand, lower prices

Pin to quick picksMondi Share News (MNDI)

Mondi Information

Share Price Information for Mondi (MNDI)

London Stock Exchange
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Share Price: 1,563.50
Bid: 1,565.00
Ask: 1,566.00
Change: 9.50 (0.61%)
Spread: 1.00 (0.064%)
Open: 1,553.00
High: 1,578.50
Low: 1,524.50
Prev. Close: 1,554.00
MNDI Live PriceLast checked at -

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Mondi Q3 earnings fall on weak demand, lower prices

Thu, 10th Oct 2019 07:04

(Sharecast News) - Third quarter core earnings at paper manufacturer Mondi fell 18% year on year as demand remained soft and prices weakened compared with the first half of the year.
Underlying earnings before interest, tax, depreciation and amortisation came in at €383m compared with €466m in the same period last year and 9% lower than the second quarter's €423m.

"Lower average selling prices from the highs reached towards the end of 2018 and into early 2019, coupled with the anticipated lower forestry fair value gain, more than offset the benefits of our ongoing profit improvement initiatives," the company said on Thursday.

Average third quarter like-for-like sales volumes were marginally lower than the previous year as a result of lower industrial bags and uncoated fine paper volumes, partly offset by growth in corrugated packaging.

Planned mill maintenance shut downs during the quarter had an estimated impact on underlying EBITDA of around €40m and Mondi forecast a full year impact of €150m, up from €110m a year ago.

"As we entered the fourth quarter, prices were, on average, marginally below those of the third quarter. If sustained, the impact of this lower pricing is expected to be largely offset by an easing of pressure on the cost base, supported by our ongoing profit improvement initiatives," Mondi said.
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27 Apr 2023 15:48

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Kingspan Group PLCTrading Statement
LMS Capital PLCTrading Statement
Morgan Advanced Materials PLCFull Year Results
NatWest Group PLCQ1 Results
Nostrum Oil & Gas PLCTrading Statement
Pearson PLCTrading Statement
PureTech Health PLCFull Year Results
Record PLCTrading Statement
Renishaw PLCTrading Statement
Rotork PLCQ1 Results
Smurfit Kappa Group PLCTrading Statement
Westminster Group PLCFull Year Results
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Facilities by ADF PLCFull Year Results
HSBC Holdings PLCQ1 Results
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Ashtead Technology Holdings PLCFull Year Results
Barratt Developments PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Cambridge Cognition Holdings PLCFull Year Results
Card Factory PLCFull Year Results
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Flutter Entertainment PLCTrading Statement
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Metro Bank PLCTrading Statement
Permanent TSB Group Holdings PLCTrading Statement
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TI Fluid Systems PLCTrading Statement
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BAE Systems PLCTrading Statement
Cardiff Property PLCHalf Year Results
Derwent London PLCTrading Statement
e-Therapeutics PLCFull Year Results
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IMI PLCTrading Statement
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Morgan Sindall Group PLCTrading Statement
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Rathbones Group PLCTrading Statement
Shell PLCQ1 Results
Spirent Communications PLCTrading Statement
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Virgin Money UK PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Mar 2023 15:46

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Mattioli Woods PLCdividend payment date
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VPC Specialty Lending Investments PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Mar 2023 09:30

LONDON BROKER RATINGS: Davy ups Purplebricks; JPMorgan cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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28 Feb 2023 09:27

LONDON BROKER RATINGS: JPMorgan cuts Mondi; Rolls-Royce raised

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23 Feb 2023 17:00

LONDON MARKET CLOSE: FTSE 100 struggles, but European peers rise

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23 Feb 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh

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23 Feb 2023 09:30

TOP NEWS: Mondi 2022 profit beats expectations but outlook uncertain

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23 Feb 2023 09:02

LONDON MARKET OPEN: Mixed open in London; Rolls-Royce up, Mondi down

(Alliance News) - Stock prices in London opened mixed on Thursday, with large-cap indices underperforming amid mixed corporate earnings.

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23 Feb 2023 07:18

Mondi warns on softer demand, prices as FY profits surge

(Sharecast News) - Paper and packaging group Mondi more than doubled full-year profits on higher prices but warned that it continued to see softer demand and pricing, despite input costs declining, sending the shares lower on Thursday.

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