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Aug 1 2019, 10:50 IST/BST
Mondi
Numbers unchanged despite more cautious outlook
- Sectors : Paper & Packaging
- Companies : Mondi
DAVY VIEW
Mondi’s H1 performance was ahead of our forecasts, boosted by a better-than-expected forestry fair value gain. Higher prices of key products (corrugated, kraft papers, uncoated fine paper), offset lower containerboard prices and volumes in the period. We still expect Mondi to benefit from early signs of stabilisation in containerboard prices in H2 (the group is still negotiating on recent price increases). For the full year, we maintain our EBITDA forecast of €1.7bn.
