Mondi PLC (LSE: MNDI)

Mondi PLC (LSE: MNDI) is an FTSE 100 listed global leader in packaging & paper and is fully integrated across the packaging & paper value chain. The key operations are in central Europe, Russia, North America, and South Africa.

H1 FY23 Financial Highlights (Released on 03 August 2023)

• Top-Line Business: The decline in demand and prices led to around 13.9% YoY reduction in top-line business during H1 FY23.
• Balance Sheet: The Company has reduced its net debt from €1.22 billion as of 30 June 2022 to €1.20 billion as of 30 June 2023.
• Dividend Payments: MNDI will pay an interim dividend of 23.33 Euro cents per share on 29 September 2023 with an ex-dividend date of 24 August 2023.
• Outlook: MNDI’s approved expansionary projects worth €1.2 billion remained on track and on budget. Moreover, the Company expects total capital expenditure to be around €800-850 million during FY23.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Mondi PLC (LSE: MNDI)  was trading at the current market price of GBX 1,289.50 (as of 08 August 2023, 01:07 PM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 08 August 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.’

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