Mondi’s revenue in the 1H 2018 was up 4% to Euro 3,727 million on a like-for-like basis, supported by higher average selling prices across all our businesses and volume growth in Containerboard and Industrial Bags, as the company said in the press release received by Lesprom Network.
Underlying EBITDA for the half-year ended 30 June 2018 of Euro 852 million was up 17% compared to the first half of 2017. Stable volumes and higher prices more than offset higher costs, negative currency effects and the impact of maintenance shuts. The fibre based packaging value chain, comprising Packaging Paper and Fibre Packaging, was the main contributor to the improved performance, driven by a combination of higher prices and strong operational performance.
Mondi reports 1H 2018 operating profit of Euro 530 million, compared to Euro 508 million in the 1H 2017.
Peter Oswald, Mondi Group CEO, said: "Mondi delivered a strong performance in the first half of 2018, with underlying EBITDA of Euro 852 million, up 17% in the period. We benefited from good demand across our packaging businesses as well as higher average selling prices, while remaining focused on initiatives to drive performance and mitigate inflationary pressures on our cost base. We saw a strong operational performance across the pulp and paper businesses, with the exception of the extended shut at our Richards Bay mill (South Africa).
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions.
