Mondi PLC (MNDI.L), a packaging and paper group, Thursday said its underlying EBITDA or underlying earnings before interest, taxes, depreciation, and amortization for the third quarter was 223 million euros, lower than 351 million euros in the previous quarter.
This was mainly due to more planned maintenance shuts and a forestry fair value loss, along with softer seasonal demand and higher input costs.
"While we are seeing the benefits from the increase in prices earlier this year across our key paper grades, trading conditions remain muted against the backdrop of an uncertain macroeconomic environment. In the fourth quarter there will be fewer planned maintenance shuts, and we expect the normal seasonal pick-up in demand," said Andrew King, Chief Executive Officer.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.