Mondi reports full year results for year ended 31 December 2022
Highlights • Strong financial performance from continuing operations ◦ Underlying EBITDA of €1,848 million, up 60% (2021: €1,157 million), with underlying EBITDA margin of 20.8% (2021: 16.6%) ◦ Profit before tax of €1,560 million, up 119% (2021: €712 million) ◦ Cash generated from operations of €1,292 million, up 29% (2021: €1,001 million); strong balance sheet with leverage (net debt to underlying EBITDA) of 0.5 times • €1 billion expansionary capital investment pipeline on track to deliver growth across our packaging businesses • Good progress made on our sustainability roadmap, Mondi Action Plan 2030 (MAP2030) ◦ Science-based Net-Zero targets validated • Completed sale of the Personal Care Components business • Agreed sale of Russian assets, with regulatory approval process ongoing