Mondi

Q3 22 print: offsetting cost pressure

  • Sectors : Paper & Packaging
  • Companies : Mondi

Ratings and price correct at time of issue.

  • Mondi

    Closing Price: 1376.0p

  • RATING 05/05/20

  • PREVIOUS RATING 19/06/12

    OUTPERFORM

DAVY VIEW

Mondi delivered a strong Q3 against a backdrop of significant input cost inflation. Q3 EBITDA of €450m is 55% ahead of last year and 6.6% lower versus Q2 22. While the group’s Q3 22 print and conference call outlined continued cost inflation into Q4, we believe market expectations for FY22 remain well underpinned.

Download full report with analyst certification and important disclosures

Oct 14 2022, 11:25 IST/BST

Download