London · Delayed Price · Currency is GBP · Price in GBX Mondi Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 EBITDA held steady at €212 million amid rising input costs and strong order books. Price increases are underway to offset energy and resin inflation, with margin improvement expected in Q2 and Q3. Capacity ramp-up and plant closures support operational efficiency.
Fiscal Year 2025
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Underlying EBITDA was EUR 1 billion, with strong cash generation and reduced CapEx supporting resilience amid challenging markets. Major capacity expansions and the Schumacher acquisition position the group for future growth, while cost discipline and operational excellence offset margin pressures.
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Q3 EBITDA fell to EUR 223 million amid weak demand and price declines in pulp and paper, while packaging converting remained stable. The business is reorganizing, focusing on cost control, and pausing major CapEx, with challenging conditions expected to persist.
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Solid H1 2025 results with flat EBITDA and strong cash generation despite challenging markets. Corrugated packaging saw significant growth, while flexible packaging and uncoated fine paper remained stable. Strategic investments and acquisitions position the business for long-term value creation.
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Leading global positions in flexible packaging are underpinned by integration, innovation, and investment in capacity and sustainability. Structural growth is driven by sustainability, e-commerce, and consumer trends, with strong financial performance and high barriers to entry supporting long-term value creation.
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Q1 delivered higher sales volumes and strong cost control, offsetting lower prices, with EUR 290 million EBITDA. Major projects ramped up on time, Schumacher integration is progressing well, and full-year guidance for expansion and costs remains unchanged.
Fiscal Year 2024
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Resilient 2024 performance with stable profitability despite soft demand and weak pricing, supported by cost control, major project ramp-ups, and strategic acquisitions. Guidance for 2025 includes stable input costs, continued investment, and expected project contributions of EUR 50–100 million.
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Q3 EBITDA fell to €223 million, impacted by higher maintenance costs and a forestry fair value loss. Packaging paper prices supported upstream results, but fine paper and recycled grades weakened. Major CapEx projects and acquisitions remain on track for 2025, despite muted demand and margin pressure.
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The acquisition of Western European packaging assets expands capacity, strengthens market presence, and is expected to deliver EUR 22 million in synergies over three years. With recent investments and a focus on integration, the deal enhances the offering for e-commerce and FMCG customers.
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Robust first-half performance with sequential profitability improvement, driven by higher volumes and price increases, especially in flexibles. Major capital projects are on track, with significant EBITDA contribution expected from 2025, and market conditions show tentative recovery.