News Formal

THE FINANCE GHOST: Paper rocks, for now at least

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Mondi and Sappi, in particular, have been disappointing performers in recent years. At this point in the cycle though, times are good

Draw a year-to-date chart of Sappi vs Mondi and you’ll observe something interesting. Despite both companies taking trees and turning them into useful products , Sappi is up 24% this year and Mondi is down 22% .

This is a spectacular divergence caused by factors beyond Mondi’s control. As Putin’s army moved into Ukraine, Mondi’s share price nosedived. Though the group operates in more than 30 countries, the Russian operations contributed 12% of group revenue in 2021 and had averaged 20% of group earnings before interest, tax, depreciation and amortisation over the past three years. The group has been in Russia for more than 22 years...

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 20. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Eskom made progress in stabilising its finances: Gordhan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Minister for Public Enterprises Pravin Gordhan says Eskom has made progress in stabilising its finances. Nonsense For once I agree with Minister Pravin, he stabilized Eskom finances while the whole Country is in financial crisis due to loadshedding By cutting down on maintance budget Does that make any sense that you’d subject us to loadshedding by repeated breakdowns just so that you get financial stability?
Källa: SABCNews - 🏆 37. / 51 Läs mer »

G7 finance ministers to thrash out Ukraine aid plan
Källa: ewnupdates - 🏆 30. / 53 Läs mer »