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Mondi posts 30% rise in Q3 underlying EBITDA

Mondi Group said its third-quarter underlying EBITDA rose 30% to €466 million from a restated €359 million in the same period a year ago, buoyed by higher average selling prices for fiber packaging and uncoated fine paper businesses.

Sales volumes grew for Mondi on a like-for-like basis in the third quarter on the back of growth in the fiber packaging value chain.

Planned mill maintenance shuts impacted the underlying EBITDA by around €30 million during the quarter, according to estimates, while the full-year impact is expected to be around €115 million, Mondi said.

Mondi is listed in London as Mondi PLC and in South Africa as Mondi Ltd.