Mondi quarterly earnings soar, bolstered by higher prices

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Paper and packaging firm says Ebitda rose 63% in the three months to end-March and further price increases are likely

Paper and packaging firm Mondi reported a healthy increase first-quarter earnings, driven by stronger demand and higher prices with further increases on the cards.

Earnings before interest, taxes, depreciation and amortisation jumped 63% year on year to €574m in the three months to end-March, the company said in a trading update on Thursday. Excluding its Russian operations, Ebitda surged 70% to €460m...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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