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Oct 10 2019, 08:05 IST/BST
The sharp fall in Mondi’s Q3 profits appears to be related to its kraft and uncoated fine paper grades. This should come as little surprise to investors. The good growth in corrugated volumes, combined with stable containerboard prices, gives cause for optimism in the packaging sector. Full year consensus forecasts now appear optimistic given the implied Q4 EBITDA. The stock has significantly underperformed the sector year-to-date and so may already have discounted this weaker outcome.
Oct 10 2019, 08:05 IST/BST