Mondi Group: Trading update – Strong delivery in Q1 2022

Mondi delivered strongly in the first quarter of 2022. Demand was good across the business, supported by our broad range of innovative, sustainable packaging and paper solutions, product quality and customer service. Higher average selling prices more than offset continued cost pressures.

Underlying EBITDA for the first quarter was €574 million, up 63% compared to the prior year period (Q1 2021: €353 million) and up 41% on a sequential basis (Q4 2021: €406 million). In the current context, the Group believes it is appropriate to report that excluding the Russian operations, underlying EBITDA for the first quarter was approximately €460 million, up around 70% compared to the prior year period. This performance is testament to the continued dedication of our people, our strong customer relationships and the strength of our integrated business model.

We made progress on our expansionary capital investment programme to capture growth across our packaging businesses in structurally growing markets underpinned by demand for eCommerce and sustainable packaging solutions. As previously outlined, our pipeline currently includes around €1 billion of expansionary projects already approved or under advanced evaluation, which we anticipate will generate mid-teen returns when in full operation. We continue to actively consider further capital investment opportunities.

The sale of the Personal Care Components business, which will simplify our portfolio and deliver greater focus, remains on track for completion in the second half of the year.

At the end of March 2022, Group net debt to underlying EBITDA was approximately 1.0x.
details at: https://www.mondigroup.com/media/15454/trading-update-q1-22-vfinal.pdf

Related Posts

Stora Enso accelerates growth in renewable materials by co-operating with the startup Sulapac

Stora Enso and Sulapac have signed a joint development agreement to combat the global problem of plastic waste by accelerating the use of fully renewable, recyclable and biodegradable materials in packaging. Through the joint development agreement, Stora Enso will licence Sulapac’s materials and technology, and begin the development of fully renewable caps and closures for liquid packages. Other areas for joint development work include food packages and packages for consumer electronics. Click Read More below for additional information.

Euro-Graph Reports November 2022 Statistics of the European Graphic Papers Industry

Total shipments of graphic papers in November 2022 were down 23.7% vs. November 2021 and were down 12.5% year-to-date. Total shipments of newsprint in November 2022 were down 18.8% vs. November 2021 and were down 8.7% year-to-date. Total shipments of sc-magazine in November 2022 were down 18.4% vs. November 2021 and were down 15.9% year-to-date. Total shipments of coated mechanical reels in November 2022 were down 29.2% vs. November 2021 and were down 20.9% year-to-date. Total shipments of uncoated mechanical (improved & others) in November 2022 were down 13.9% vs. November 2021 and were down 13.7% year-to-date. Total shipments of coated woodfree in November 2022 were down 36.0% vs. November 2021 and were down 8.0% year-to-date. Total shipments of uncoated woodfree in November 2022 were down 20.4% vs. November 2021 and were down 11.4% year-to-date.

Monadnock Paper Mills, Inc. Announces New Technical Services Manager

Frank Shaffer has joined Monadnock Paper Mills, Inc. as Technical Services Manager. In this newly developed role, Frank will act as liaison between Monadnock and its vendors and customers relative to new product development, quality, sales and marketing. Prior to joining Monadnock, Frank was with Hub Folding Box, Mansfield, MA, for the past six years. Prior to that he held positions with Timbar Packaging & Display, and Two C Pack Systems. Frank also founded Souhegan Color, Inc. which merged with Eastern Rainbow in 1999. He has a strong background in commercial print operations, secondary packaging, and media. He is a graduate of the Rochester Institute of Technology with a BS degree in Printing Technology. “I’m pleased to welcome Frank to our team,” said Dr. Rajan Iyer, Vice President of Research & Development and Technical Services at Monadnock. “His extensive background in print platforms, post-press converting, and product development raises the level of consultative service we can provide to our customers.”
Back To Top
×Close search
Search