Davy Research

Mondi

Strong pricing and volume fundamentals offset by cost pressures; outlook more cautious
Paper & Packaging
Mondi

DAVY VIEW

While underlying demand and pricing remains strong across most of Mondi’s divisions, this has not been sufficient to offset cost and FX pressures. This is likely to result in a 2-3% reduction in our full-year forecasts. The issue facing the industry now is whether, given the strong demand fundamental, it has the capacity to recover cost increases. Over time, we expect that it will but margin pressure may persist in the short term.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Mondi

    Closing Price: 2337p

  • RATING 19/06/12

  • PREVIOUS RATING N/A

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