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Pin to quick picksMondi Share News (MNDI)

Share Price Information for Mondi (MNDI)

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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
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Mondi reports strong packaging demand

Thu, 06th May 2021 07:43

(Sharecast News) - Mondi said demand was strong for its packaging as online shopping surged and customers looked for more eco-friendly products in the first quarter.
The FTSE 100 maker of cardboard boxes and other packaging products said underlying earnings before interest, tax, depreciation and amortisation fell 8% to €353m in the three months to the end of March from a year earlier. Earnings were 14% better than the fourth quarter of 2020.

Mondi said it benefited from a shift to online shopping during the pandemic that increased demand for packaging, as well as higher prices. Demand for corrugated packaging was very strong in the quarter, driven by growth in online trading, fast-moving consumer goods and recovering industrial sectors.

Flexible packaging such as paper bags sold in good volumes and engineered materials sales were stable. Uncoated fine paper sales fell from a year earlier but rose from the previous quarter and prices increased towards the end of the quarter in major markets.

The cost of paper for recylcling, resins, energy and transport rose and currency movements reduced earnings because of weakness in the dollar, the rouble and Turkish lira.

"We are seeing strong demand across our packaging markets, supported by the structural growth drivers of e-commerce and sustainability and are implementing price increases across all key product segments," Mondi said. "We continue to benefit from the contribution of our capital investment programme and our relentless focus on continuous improvement, mitigating the impact of significant input cost pressures and currency headwinds."

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8 Feb 2023 17:26

UK's FTSE 100 hits record high on BP boost, less-hawkish Powell

BP touches 3-year high

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12 Jan 2023 13:19

IN BRIEF: Mondi completes EUR40 million acquisition of Duino mill

Mondi PLC - Weybridge, England-based paper and packaging firm - Completes acquisition of the Duino mill from Italian paper manufacturer Burgo Group, for EUR40 million.

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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19 Dec 2022 12:20

LONDON MARKET MIDDAY: Stocks in Europe start festive week cheerfully

(Alliance News) - Stock prices in London were higher at midday on Monday, at the beginning of a three-week Christmas and New Year holiday stretch.

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19 Dec 2022 08:07

Mondi approves "science-based net-zero targets" to cut emissions

(Alliance News) - Mondi PLC on Monday said it has approved "science-based net-zero targets" as it intensified efforts to cut harmful gas emissions from its operations and value chain.

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15 Dec 2022 17:03

CORRECT: LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Correcting CAC 40 and DAX percentage changes.)

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15 Dec 2022 17:00

LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Alliance News) - Equities in London closed lower on Thursday as interest rate hikes from the Bank of England and the European Central Bank, as well as bleak economic forecasts, sent a chill through global markets.

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15 Dec 2022 10:31

TOP NEWS: Mondi agrees to sell Russian packaging converting operations

(Alliance News) - Mondi PLC said on Thursday it had entered into an agreement to sell its three Russian packaging converting operations to the Gotek Group for EUR24 million.

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15 Dec 2022 09:25

Mondi to sell Russian assets to Gotek Group

(Sharecast News) - Packaging and paper group Mondi has agreed to sell its three Russian packaging converting operations to Russian packaging maker Gotek Group for RUB1.6 bn in cash.

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12 Dec 2022 09:34

LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy' from 'hold'

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

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6 Dec 2022 17:32

London stocks fall on fears about Fed's policy path

Barclays gains on price target increase

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6 Dec 2022 17:01

LONDON MARKET CLOSE: Strong US services reading unnerves investors

(Alliance News) - European equities declined on Tuesday, with a bullish reading of the US services sector at the start of the week knocking investor confidence and possibly muddying the picture for the US Federal Reserve.

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6 Dec 2022 15:54

Credit Suisse downgrades Mondi, upgrades DS Smith

(Sharecast News) - Credit Suisse downgraded Mondi and upgraded DS Smith on Tuesday as it took a look at paper and packaging stocks.

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6 Dec 2022 12:29

LONDON MARKET MIDDAY: FTSE 100 down as Fed fears weigh on stocks

(Alliance News) - Stocks in London were lower at midday on Tuesday as investors continued to fret about the prospect of another hefty rate hike from the Federal Reserve following the release of a better-than-expected reading on the health of the US service sector.

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