Mondi Reports Full Year Results 2023

Highlights

  • A resilient performance with strong cash flow
  • Underlying EBITDA of €1,201 million (2022: €1,848 million), with margin of 16.4% (2022: 20.8%)
  • Strong cash generation with cash generated from operations increasing to €1,312 million (2022: €1,292 million)
  • Group revenue of €7,330 million (2022: €8,902 million)
  • Basic underlying earnings per share of 107.8 euro cents (2022: 195.6 euro cents)
  • Return on capital employed (ROCE) of 12.8% (2022: 23.7%)
  • Robust balance sheet with net debt to underlying EBITDA at 0.3 times; pro-forma at 1.0 times1 (2022: 0.5 times)
  • Good progress towards delivering €1.2 billion of organic growth investments on time and on budget
  • Advancing our sustainability performance through the Mondi Action Plan 2030 (MAP2030)
  • Completed sale of Russian assets, concluding the Group’s exit from Russia

Andrew King, Mondi Group Chief Executive Officer, said: “Mondi delivered a resilient performance in 2023 as a result of our compelling customer service and delivery, supported
by our scale, quality asset base, integrated model and breadth of products, customers and end-markets.

“While underlying EBITDA of €1,201 million was lower than the very strong performance in the prior year, our cash generation remained ahead of last year at €1,312 million.

“This strong cash generation gives us the strategic flexibility to continue investing in our business through-cycle, supported by our confidence in the long-term structural growth of the markets we operate in and our leading positions within them. We continue to make good progress in delivering our organic growth projects, which remain on track and on budget. We expect these projects to deliver a meaningful EBITDA contribution from 2025.
more at: https://www.mondigroup.com/news-and-insight/2024/full-year-results-2023/

Related Posts

Ahlstrom’s non-heat sealable tea filter product portfolio receives home compostability certification

Ahlstrom, a leading sustainable specialty materials company, takes another step in becoming the market leader in sustainable and plastic-free solutions with a non-heat sealable tea filter range, which has received certification for home compostability according to OK Compost from TÜV Austria. This certification gives customers assurance that non-heat sealable tea filter papers RegTea Green and RegTea TrulyNatural® ranges will biodegrade in home composting conditions, leaving behind no toxic residue or microplastics. These products can help Ahlstrom customers, whether converters or brand owners, to achieve their own sustainability goals.

UPM Specialty Papers to display new co-created recyclable packaging solutions at PACK EXPO International 2024

Visitors will be able to explore an innovative portfolio of fibre-based, recyclable packaging papers that help customers and brand owners bring power to their purpose. These include a number of new and exciting solutions co-created with customers and expert partners from across the packaging value network. Demand for sustainable packaging continues to experience rapid growth. These co-creation projects are leading to recyclable, fibre-based breakthroughs that support packaging sustainability goals of brands and packaging converters.

Top Packaging Innovations Enabling E-commerce Growth & Sustainability (chainstoreage.com)

Until recently, packaging optimization was largely overlooked as brands and retailers scrambled to keep up with exploding e-commerce demand and customer expectations for faster deliveries. Now, packaging has become one of the highest priorities for many e-commerce providers. End consumers have made their voices heard and have demanded that providers focus on waste and recyclability of the e-commerce packages they receive. Providers are challenged with addressing often conflicting sustainability objectives to gain the approval of internal and external stakeholders. click read more below for details
Back To Top
×Close search
Search