Mondi is an international packaging and paper Group, employing around 26,000 people in production facilities across 31 countries. In 2013, Mondi had revenues of €6.5 billion and a return on capital employed (ROCE) of 15.3%. The Group’s key operations are located in central Europe, Russia, the Americas and South Africa. It is fully integrated across the paper and packaging process – from growing of wood and the manufacture of pulp and paper (including recycled grades), to the conversion of packaging papers into corrugated packaging and industrial bags. It has primary listings on the Johannesburg Stock Exchange and the London Stock Exchange. It is a constituent of the FTSE 250 Index


Wood
Wood is Mondi’s most important raw material. It is therefore in our interest to ensure that we meet and support the requirements of sustainable forestry practices, from the management of our own forests right through to the procurement of our wood and fibre through the supply chain.


--------------------------------------------------------------------------------

Forestry
As a significant holder and manager of land, particularly in developing countries, and as an operator in an industry that potentially has a high impact on the natural environment, we recognise our stewardship role and responsibility in using natural forestry resources in a sustainable way.

Forests provide a range of goods and services. They serve as habitats for two-thirds of terrestrial animal and plant species; prevent soil erosion and water run-off; maintain the chemical balance of soil, air and water; recycle nutrients; break down pollutants; clean the air and water; are vital to watershed protection and soil formation; and play a major role in regulating climate.

The main factors contributing to deforestation and forest degradation are increased agriculture, illegal logging, population growth, poverty and urbanisation. Primary concerns include deforestation resulting from illegal logging in protected or high conservation value (HCV) areas, and timber obtained from controversial sources.

Although Mondi is involved in the felling of trees, we are not party to deforestation. For every tree felled in our plantation forests, at least one more tree is planted. In our natural forests, felled areas are left to regenerate naturally and poor regeneration is supplemented with plantings. Mondi is not involved in illegal logging, or logging in tropical rainforests, and has strict fibre sourcing controls.

Pulp
Wood is an essential raw material for all of our virgin fibre-based products. From wood fibre we produce pulp, the basic ingredient of all paper and paper-based packaging. We use pulp in our own production and also sell it wholesale to third parties. The pulp for paper-making may be produced from virgin fibre by either chemical or mechanical means, or it may be produced by the re-pulping of recovered paper. In the pulping process, the raw cellulose-bearing material is broken down into its individual fibres. In chemical pulping, chemicals are used to dissolve the lignin and free the fibres.

Recovered paper has become an indispensable raw material for our business and, in 2011, we consumed 1.5 million tonnes of recovered fibre, amounting to 30% of our total pulp consumed.

The pulp and paper manufacturing process also requires a large amount of process water and energy (in the form of steam and electrical power), which makes it an energy- and natural resource-intensive one.


http://www.mondigroup.com/desktopdefault.aspx

Half-yearly report 2012
http://www.mondigroup.com/microsite/hy2012/

Mondi completes acquisition of Nordenia
Mon 01 Oct 2012

MNDI - Mondi
Mondi 630.00p 0.00%



LONDON (SHARECAST) - Paper and packaging group Mondi said that all conditions have now been satisfied for the acquisition of flexible packaging firm Nordenia International.

Mondi is paying €259m in cash for 99.93% of the outstanding share capital of Nordenia International AG from funds managed by Oaktree Capital Management, LP1 and minority shareholders.

"The acquisition of Nordenia offers Mondi Group a unique opportunity to create a leading consumer packaging business, build on long term customer relationships across both businesses and establish a platform to expand further in high–growth emerging markets," Mondi said

Mondi: Credit Suisse upgrades to outperform, target lifted from 635p to 780p.

Packaging the sector to watch. Good double page in IC this week.
Difficult conditions at the start of the year resulted in paper mills shutting down and smaller players closing their doors. This reduction in industry capacity has stabilised packaging prices and analysts believe the sector has turned a corner. The latest FOEX
indices (the Reuters for packaging prices ) shows a strong recovery in Kraftliner- an essential raw material for packaging. David Hathorn, chief executive of South African-based packaging giant Mondi, echoes these views, ''Demand is still fairly soft, but pricing is being driven by supply side contraction and that is where our price increases have come from.''
All eyes are now on next weeks trading updates from European names, including Stora Enso and US major International paper. If they confirm packaging prices are holding up , then analyst upgrades will follow.
Packaging is no longer a cardboard box, Mondi now provide display boxes that go directly on the supermarket shelves, reducing shelf-stacking time.

Earnings release date - 31st October.

Mondi remains our top european paper sector pick. Over the past 10 years , it has spent 3 billion Euros upgrading and modernising its major paper mills and the group now has a portfolio of well invested low cost mills in emerging economies. Fifty six per cent of its 2011 sales were from Russia, Slovakia,Czech Republic,Poland and South Africa, where Mondi is benefiting from superior demand growth for paper compared to depressed Western European markets.m We anticipate a positive third -quarter tradind update from Mondi on 31 Oct, with the possibilityof further profit upgrades. Justin Jordon, analyst, Jefferies.

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.

Mondi Group: Interim Management Statement 31 October 2012

This interim management statement provides an update on the financial
performance and financial position of the Group since the half-year ended 30
June 2012, based on management accounts up to 30 September 2012 and estimated
results for October 2012. These results have not been audited or reviewed by
Mondi's external auditors.

Audited results for the year ending 31 December 2012 will be published on or
around 21 February 2013.

Except as discussed in this interim management statement, there have been no
other significant events or transactions impacting either the financial
performance or financial position of Mondi since 30 June 2012 up to the date of
this statement.

Group Performance Overview

Underlying operating profit for the third quarter ended 30 September 2012 was
EUR135 million (year to date EUR405 million, 2011 EUR490 million) in line with
that of the comparable prior year period (Q3 2011 EUR136 million) and below
that of the prior quarter (Q2 2012 EUR150 million). This was in line with
expectations and reflects a stable trading environment considering the impact
of the traditionally weaker European summer months, annual maintenance shuts at
a number of the Group's larger operating sites during the quarter and ongoing
strong cost containment.

Sales volumes were, on average, similar to those achieved in the previous
quarter but above those of the comparable prior year period, although demand in
the downstream converting operations was below that of the prior year. Third
quarter average benchmark selling prices across all grades were below those of
the comparable prior year period. Selling price increases were realised in
kraft paper during the quarter and price increases for containerboard are
effective from early in the fourth quarter of 2012.

On average, input costs in the third quarter were similar to the previous
quarter and below that of the comparable prior year period. Benchmark recovered
fibre costs decreased by 23% in the quarter and were 30% below the comparable
prior year period. As a result of the anticipated start-up of new recycled
containerboard capacity in Poland in early 2013, regional market pressure on
recovered fibre costs is expected in the near term.

The weaker South African rand and stronger US dollar versus the euro benefited
mainly the South Africa division and, to a lesser extent, the Packaging Paper
business.

During the quarter, all conditions precedent for the acquisition of Nordenia
International AG were met and, with effect from 1 October 2012, the Group
acquired a 99.93% interest in Nordenia for a cash consideration of EUR259
million.

As part of its continuing focus on its core businesses, the Group concluded the
sale of its 50% share in Aylesford Newsprint to The Martland Holdings on 2
October 2012. The shares were sold for a nominal consideration following
recapitalisation of the business. The net cash flow effect of the transaction
was a EUR17 million outflow, while the estimated loss on disposal was EUR71
million. Following the sale of Aylesford Newsprint, the Group has restructured
its reporting in South Africa to combine the Mondi Shanduka Newsprint joint
venture into the South Africa division.

Divisional Overview

Europe & International

As indicated in the half-year end results, following the completion of the
acquisition of Nordenia, the Group has rearranged its Europe & International
business into four segments: Packaging Paper, Fibre Packaging, Consumer
Packaging and Uncoated Fine Paper. The commentary that follows is based on
these new reporting segments.

Packaging Paper performed well during the period benefiting from continued
strong cost containment. Underlying operating profit was at similar levels to
the second quarter, although still below that of the comparable prior year
period.

Average benchmark selling prices for the quarter for virgin containerboard were
approximately 3% higher than the previous quarter, white-top containerboard
selling prices were largely unchanged whilst average prices for recycled
containerboard were well below those of the previous quarter (9% lower), on the
back of lower recovered fibre input costs (23% lower). Containerboard prices
remain well below the levels of the previous year. During the quarter, sales
volumes were negatively impacted by the planned maintenance shut at Swiecie,
but demand remained at similar levels to the previous period. On the back of
supply contraction in the virgin containerboard market and stable demand,
selling price increases have been negotiated across all containerboard grades,
the benefits of which are expected to be realised in the fourth quarter of the
year.

Price increases for sack kraft paper took effect from July 2012. Good demand
continued to be seen in export markets offsetting ongoing weakness in southern
Europe. The major annual maintenance shuts in this segment are planned for the
fourth quarter when demand in the downstream businesses is traditionally lower.

Fibre Packaging performed well during the quarter with underlying operating
profit well above the comparable prior year period and similar to that achieved
in the previous quarter, benefiting from a comprehensive commercial excellence
project leading to improved margin management and strong cost containment as
well as non-recurring income of EUR3 million from the sale of land. Selling
prices were at similar levels to those of the previous quarter whilst sales
volumes were lower than the previous quarter and those achieved in the
comparable prior year period. Input costs were relatively stable, with the main
paper price increases only starting to take effect in the fourth quarter.

The industrial bags business benefited from stable demand in northern Europe
and good demand in non-European markets, offsetting the impact of the weaker
southern European markets. Restructuring activities in light of the
structurally weaker demand are currently being evaluated for implementation
during the fourth quarter of 2012. Higher paper input costs and seasonally
weaker demand will impact returns in the fourth quarter.

Corrugated packaging enjoyed the benefits of lower recycled containerboard
prices in the third quarter, although margins are expected to come under some
pressure in the fourth quarter on the back of generally higher paper input
prices.

Performance in the Coatings business remained stable, albeit still below our
expectations due to low returns from the US business, impacted by the start-up
of a new plant.

In September 2012, Mondi concluded an agreement with Duropack GmbH to acquire
two corrugated box plants in Germany and the Czech Republic, consuming 130,000
tonnes containerboard per annum, and a 105,000 tonne recycled containerboard
mill in the Czech Republic for a consideration of EUR125 million. The
acquisition is in line with the Group's strategy to strengthen its leading
position in corrugated packaging in central and eastern Europe. The transaction
remains on track for completion during the fourth quarter.

Consumer Packaging delivered steady returns with underlying operating profit
similar to that of the previous quarter. Sales volumes were higher than the
comparable prior year period whilst sales prices were largely unchanged.

The acquisition of Nordenia with effect from 1 October 2012 will significantly
enhance this business. Integration activities are progressing well and all
closing activities have been completed. The focus in the near term will be on
integrating Nordenia into Mondi, aligning processes and refining and
implementing the expected synergy benefits.

Uncoated Fine Paper continues to deliver strong results despite a generally
difficult trading environment, driven by a cost reduction programme. Underlying
operating profit for the quarter was above that of the comparable prior year
period but below that of the second quarter, due to the normal seasonal summer
slowdown and planned maintenance shuts at Neusiedler and SCP Ruzomberok.
Benchmark selling prices were slightly higher than the previous quarter, at
similar levels to those achieved in the previous year, whilst sales volumes
remained at similar levels to the comparable prior year period. Although wood
costs were largely unchanged, some relief was seen towards the end of the third
quarter.

The anticipated start-up of a new paper machine in Russia in early 2013 as well
as the phased reduction in import duties following Russia's integration into
the World Trade Organisation over a four year period starting in 2013 will
impact this business. Ongoing cost optimisation initiatives in Russia will seek
to mitigate any potential margin pressure.

South Africa Division

South Africa Division (including Mondi Shanduka Newsprint) benefited from a
positive domestic trading environment and the weaker South African rand.
Operating profit was slightly lower than the comparable prior year period and
below that of the immediately preceding quarter primarily due to inventory
build leading up to, and the impact of, a planned maintenance shut at Richards
Bay which was concluded early in October.

A recent increase in domestic pulpwood prices will result in an estimated
additional EUR10 million gain on fair value of forestry assets in the income
statement in the fourth quarter, based on prevailing wood prices.

Financial position

Net debt was EUR1,188 million at the end of the quarter, down EUR85 million on
the half-year. The acquisitions of Nordenia and the Duropack corrugated assets
as well as the disposal of Aylesford will increase net debt in the fourth
quarter of 2012.

On 21 September 2012, Mondi successfully launched a 3.375%, 8-year,
EUR500 million Eurobond maturing in September 2020. The Group also cancelled
its unutilised EUR250 million bridging facility arranged specifically for the
acquisition of Nordenia. On 29 October 2012, Mondi issued an unconditional and
irrevocable guarantee to the holders of the Nordenia bond.

During the quarter, the Group's investment grade credit ratings of Baa3
(Moody's Investor Services) and BBB- (Standard and Poor's) were reaffirmed.

The Group continues to be strongly cash generative and working capital levels
remain within the Group's targeted range. Capital expenditure increased during
the period compared to the previous quarter due to the preponderance of
maintenance shuts during the period as well as increased spending on the energy
improvement projects. Total capital expenditure for the year is expected to be
around 90% of the Group's annual depreciation charge.

Finance charges during the period were lower than the previous quarter on both
lower average net debt and lower effective interest rates, but are expected to
increase in the fourth quarter as net debt rises following the completion of
the Nordenia and Duropack acquisitions.

The average maturity of the Group's committed debt facilities at 30 September
2012 was approximately 5 years. The Group had available EUR941 million of
committed, unutilised borrowing facilities at 30 September 2012, immediately
preceding the completion of the Nordenia transaction.

Summary

Price increases in the main packaging paper grades offer support for the
remainder of the year. Looking further forward, continued soft demand on the
back of the prevailing macroeconomic uncertainties and some additional capacity
expansions in certain of our core markets remain a concern, although it is
encouraging to note that the strong supply side fundamentals remain generally
intact.

Contact details:

Mondi Group

David Hathorn +27 (0)11 994 5418

Andrew King +27 (0)11 994 5415

Lora Rossler +27 (0)11 994 5400 / +27 (0)83 627 0292

FTI Consulting

Richard Mountain +44 20 7269 7186 / +44 20 7909 684 466

Chloe Webb +27 (0)11 214 2421

Editors' notes

Mondi is an international packaging and paper Group, with production operations
across 29 countries and revenues of EUR5.7 billion in 2011. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2011, Mondi Group employed 23,400 people.

Mondi Group is fully integrated across the paper and packaging process, from
the growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging paper into corrugated packaging,
industrial bags and coatings.

The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).

Mondi Group has a dual listed company structure, with a primary listing on the
JSE Limited for Mondi Limited under the ticker code MND and a premium listing
on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The
Group has been recognised for its sustainability through its inclusion in the
FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's
Socially Responsible Investment (SRI) Index since 2007. The Group was also
included in the FTSE350 Carbon Disclosure Leadership Index for the second year

Stable trading at Mondi
Wed 31 Oct 2012

MNDI - Mondi

Latest Prices
Name Price %
Mondi 680.50p +0.89%

FTSE 250 11,956 +0.02%
FTSE 350 3,098 -0.70%
FTSE All-Share 3,034 -0.69%
Forestry & Paper 7,330 +0.89%

LONDON (SHARECAST) - Profits of dual listed paper and packaging group Mondi were flat year-on-year in the traditionally quiet summer months, in line with management expectations.

Underlying operating profit for the quarter ended September 30th was €135m, barely changed from €136m in the third quarter of last year, but below the €150m achieved in the prior quarter.

The group said the profit performance reflects a stable trading environment considering the impact of the traditionally weaker European summer months, annual maintenance shut-downs at a number of the group's larger operating sites during the quarter and ongoing strong cost containment.

Sales volumes were, on average, similar to those achieved in the previous quarter but above those of the comparable prior year period, although demand in the downstream converting operations was below that of the prior year.

Third quarter average benchmark selling prices across all grades were below those of the comparable prior year period. Selling price increases were realised in kraft paper during the quarter, while price increases for container-board are due to kick in early in the fourth quarter of 2012.

On average, input costs in the third quarter were similar to the previous quarter and below that of the comparable prior year period. Benchmark recovered fibre costs decreased by 23% in the quarter and were down 30% year-on-year. As a result of the anticipated start-up of new recycled container-board capacity in Poland in early 2013, regional market pressure on recovered fibre costs is expected in the near term.

The weaker South African rand and stronger US dollar versus the euro benefited mainly the South Africa division and, to a lesser extent, the Packaging Paper business.

Net debt at the end of the reporting period was €1,188m, an €85m improvement from the end-June position. However, the acquisitions of Nordenia and the Duropack corrugated assets as well as the disposal of Aylesford will increase net debt in the fourth quarter.

The group continues to be strongly cash generative and working capital levels
remain within the group's targeted range. Capital expenditure increased during the period due to the preponderance of maintenance shut-downs during the period as well as increased spending on the energy improvement projects. Total capital expenditure for the year is expected to be around 90% of the group's annual depreciation charge.

"Price increases in the main packaging paper grades offer support for the remainder of the year. Looking further forward, continued soft demand on the back of the prevailing macroeconomic uncertainties and some additional capacity expansions in certain of our core markets remain a concern, although it is
encouraging to note that the strong supply side fundamentals remain generally intact," the group's statement concluded

Mondi: Jefferies raises target from 700p to 760p, buy rating kept.

Mondi: UBS raises target from 660p to 670p, neutral rating unchanged; Credit Suisse downgrades to neutral, 780p target kept.

Mondi to close mill ijn Czech Republic
StockMarketWire.com
Mondi has started a consultation with employee representatives about the proposed closure of recycled container board mill in Ceske Budejovice, Czech Republic.

Mondi said the decision to close the 100,000-tonne recycled containerboard mill in Ceske Budejovice comes as a result of deteriorating market conditions in the European containerboard market and increased competition which has affected the mill's ability to remain competitive.

Total closure costs are estimated to be under 3m.

The group's strategy is to focus on further developing its leading market position in corrugated packaging in the Czech Republic and emerging Europe.

Mondi says it will take all reasonable action to support affected employees including providing an outplacement programme and will keep employees, customers and other stakeholders informed of the process.

Mondi also confirmed that it completed the transaction to acquire Duropack's operations on 5 November.

At 1:55pm: (LON:MNDI) share price was +12.25p at 637.25p

:-))

Not in this one. Put this info up for those interested.


Mondi: UBS raises target price from 670p to 720p reiterating a neutral rating.

Mondi: Credit Suisse increases target price from 780p to 980p upgrading to outperform

Mondi: Jefferies ups target price from 760p to 860p, while reiterating a buy recommendation.

Mondi: Deutsche Bank increases target price from 640p to 930p and keeps its buy recommendation.

Full year pre-tax profit falls 19 per cent at Mondi
Thu 21 Feb 2013


LONDON (SHARECAST) - Profit before tax contracted 19 per cent to 371m euros in the full year ending December 31st at paper and packaging group Mondi, an interim management statement has shown.

Group revenue rose 1.0% to €5.8bn while underlying operating profit dropped 9.0% to €568m.

Basic earnings per share slid 3.0% to 69.6 cents. The total dividend per share rose 8.0% to 28 cents.

The group return on capital employed contracted to 13.7% from 15%.

In a financial outlook issued by the company, the group reported: "While the first quarter was particularly difficult, characterised by a continuation of the weak order books seen towards the end of 2011, trading picked up as the year progressed.

"Sales volumes recovered into the second quarter and this, in turn, saw some price recovery in certain of the group's major grades going into the second half of the year.

"The third quarter was impacted by the traditional European summer slowdown in trading, but a strong finish to the year, with good volumes and reasonable price levels in Europe, meant the group was able to deliver full year underlying operating profit of €568m, 9.0% down on the very strong prior year result."

Paper and packaging group Mondi (LON:MNDI) also struggled as Citi wielded the axe on its rating.

The broker is now urging investors to sell the shares as its valuation looks “stretched”.Mondi:



Deutsche Bank increases target price from 930p to 950p maintaining its buy rating

Not in this one, A buy in this weeks Shares mag.

Trading statement Fri 3 May

Interim Management Statement

http://www.moneyam.com/action/news/showArticle?id=4588132

Mondi Group's first quarter profits rise
Fri 03 May 2013


Mondi Group's first quarter profits rise LONDON (SHARECAST) - Mondi Group saw profits in the first quarter rise on the previous year driven by improved market conditions in its packaging paper and South African businesses.

The packaging and paper group reported an underlying operating profit of €162m for the first three months of the year, a 35% increase on the previous year’s €120m.

During the period, the company was bolstered by recent acquisitions including packaging firm Nordenia and corrugated packaging plants in Germany and the Czech Republic.

Sales volumes were, on average, above the previous quarter, while average benchmark selling prices in the European businesses were largely unchanged.

Selling price increases were realised in recycled containerboard. Price hikes for virgin and white-top containerboard have been announced for the second quarter of 2013.

Average input costs per unit of production were similar to the previous quarter and prior year.

Currency effects were mixed during the quarter boosted by a weaker South African rand, Polish zloty and Czech koruna. However, a stronger Swedish krona and Russian rouble had an negative impact on the group’s costs.

The South Africa business was a big contributor to profits, rising above the prior quarter on the back of a positive domestic trading environment in uncoated fine paper and a weaker South African rand.

Europe, on the hand, posted a flat operating profit following a sharp fall in the market price of green energy credits.

Uncertainty surrounding proposed changes to the regulatory environment on renewable energy in Poland, resulted in an €11m write-down of the carrying value of existing green energy credits in the country.

"The effects of expected capacity increases in recycled containerboard and
uncoated fine paper, coupled with prevailing demand softness across the
European businesses, remain a concern," the company said.

"However, recent price increases in the packaging paper grades provide support and good progress is being made in integrating the Group's recent acquisitions. Management remains confident of continuing to make progress, in line with its expectations."

Shares rose 0.18% to 850p at 12:07 Friday.

Mondi (LSE: MNDI.L - news) : Credit Suisse increases target price from 980p to 1040p and reiterates an outperform rating.

A buy in this weeks IC - Acquisitions are generating big savings. A forward PE ratio of 12 falls to less than 11 in 2014.

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 939.50. Over this period, the share price is up 87.65%.

29 May Credit Suisse 1,040.00 Outperform

26 Jul Credit Suisse 1,040.00 Outperform


Interim Result
08 Aug 13 Mondi PLC [MNDI]

Trading Statement

PRNW



Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

30 July 2013

Mondi Group: Trading Statement

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE and/or the Disclosure and Transparency and Listing Rules of the United
Kingdom Listing Authority.

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.

Mondi is currently finalising its results for the half year ended 30 June 2013,
which will be released on 8 August 2013. It can now be confirmed that the
underlying operating profit for the second quarter of 2013 is expected to be
higher than that of the first quarter (EUR162 million) and that achieved in the
comparable prior year period (EUR150 million). Underlying operating profit for
the half year ended 30 June 2013 is expected to be significantly higher than
that of the comparable prior year period of EUR270 million.

In the six months ended 30 June 2012, the Group recognised a net special item
gain after tax of EUR4 million. The special items charge for the six months
ended 30 June 2013 is around EUR68 million, relating to restructuring
activities and related impairment charges in the Group's Uncoated Fine Paper
operations in Austria (EUR50 million) and in the newsprint operations in South
Africa Division (EUR18 million) as well as the closure of the Lindlar Consumer
Packaging operation in Germany (EUR13 million), with net tax relief of EUR13
million.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the
half year ended 30 June 2013 to be within the ranges shown below:

* basic underlying EPS (euro cents) 46 to 51 (2012 30.9)

* basic EPS (euro cents) 32 to 37 (2012 31.7)

* basic headline EPS (euro cents) 43 to 48 (2012 30.9)

Mondi has disclosed basic underlying EPS, which is defined as basic EPS
excluding the impact of special items, as the directors believe this provides a
useful additional measure of the Group's underlying performance. Mondi has
disclosed basic EPS which includes the effect of special items. The disclosure
of basic headline EPS is required under the Listings Requirements of the JSE
Limited and has been calculated in accordance with Circular 3/2012 as issued by
the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi's
auditors.

End

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 978.50. Over this period, the share price is up 79.52%.





29 Jul Jefferies... 1,000.00 Buy

31 Jul Deutsche Bank 1,050.00 Buy

Half-yearly Report

Financial highlights

* Underlying operating profit of 366 million, up 35%

* Underlying earnings of 49.4 euro cents per share, up 60%

* Cash generated from operations of 431 million, up 21%

* Interim dividend of 9.55 euro cents per share, up 7%

* ROCE of 14.8%, well in excess of through-the-cycle hurdle rate of 13%

Operational highlights

* Integration of acquisitions and related synergy targets on track

* Major capital projects on time and within budget

Financial summary





http://www.moneyam.com/action/news/showArticle?id=4647087

Mondi: Jefferies takes target price from 1000p to 1150p retaining its buy recommendation.

LONDON (ShareCast) - Packaging and paper group Mondi (LSE: MNDI.L - news) enjoyed continuing strong momentum in Europe and South Africa as it posted record profits in the first half.

Underlying operating profits of €366m were 21% above the previous six months and 35% above the comparable period last year, on revenues up 18.6% to €3.3bn for the six months to June.

Group Chief Executive David Hathorn said the strong performance benefited from 2012's acquisitions and a number of major expansion projects.

Excluding the impact of the acquisitions, underlying operating profit, which excluded costs of restructuring the newsprint operations, still increased by 12% on the previous period and 24% on the comparable period.

Underlying earnings per share of 49.4 euro cents per share were up 60% on the comparable period.

"The group's major expansion projects are progressing according to plan and remain within budget," said Hathorn.

"Some of the synergies identified at the time of the acquisitions have already been achieved, and we remain on track to meet the previously announced synergy targets."

The FTSE 250 group, which is a potential FTSE 100 (FTSE: ^FTSE - news) entrant at the next index review on September 11th, attributed the record results to strong operating performance and reasonable trading environment, particularly in Packaging Paper and the South Africa Division

Compared to the first half of 2012, Mondi's sales volumes increased across all major paper grades and while European demand was said to have remained "generally sluggish", Mondi compensated for this by making market share gains, and strong export market gains in kraft paper.

Hathorn said the strong profitability and "relentless focus on performance" was reflected in a return on capital employed of 14.8%, well above the company's through-the-cycle hurdle rate of 13%.

The period review benefited from the absence of any major mill maintenance shuts, which in the second half are estimated to hit underlying operating profit by €50-€60m compared to the first half of the year.

Management warned that new industry capacity in the uncoated fine paper segment, coupled with prevailing demand softness in Europe, "may impact the supply/demand balance in the short term".

However, Hathorn said he expected the momentum from the first half and the good packaging pricing environment to continue and was confident of delivering in line with previous expectations.

Shares in Mondi were up 3.4% to 1,019p at 09:11 on Thursday.

Mondi declares dividend 8 August 2013 | 14:37pm StockMarketWire.com - Mondi Group has declared an interim dividend of €0.9.55c per share for the year ending 31 December. The dividend will be paid on 17 September to shareholders of record on 23 August. At 2:37pm: [LON:MNDI] share price was +36p at 1021.5p

A buy in this weeks IC - Entry into the FTSE 100 index beckons.

2013 Interim Dividend euro/sterling Exchange Rate

PRNW



Mondi Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1967/013038/06)

JSE share code: MND ISIN: ZAE000156550

Mondi plc

(Incorporated in England and Wales)

(Registered number: 6209386)

JSE share code: MNP ISIN: GB00B1CRLC47

LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group") notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE and/or the Disclosure and Transparency and Listing Rules of the United
Kingdom Listing Authority.

30 August 2013

Mondi Group - 2013 Interim Dividend euro/sterling Exchange Rate

Mondi announced on 8 August 2013 that Mondi Limited and Mondi plc will pay
their respective dividends on 17 September 2013 as follows:

Mondi Limited

Mondi Limited will pay its dividend in South African rand cents. The applicable
exchange rate is EUR 1 to ZAR 13.19758.

Therefore, the equivalent gross interim dividend in rand cents per ordinary
share will be 126.03689.

Mondi plc

Mondi plc will pay its dividend in euro (9.55 euro cents per ordinary share).

However, ordinary shareholders resident in the United Kingdom will receive the
dividend in sterling (unless shareholders have elected to receive their
dividend in euro). The last date for euro currency elections was 23 August
2013. It was stated in the announcement on 8 August 2013 that the exchange rate
for this payment would be set today. Accordingly, it is confirmed that sterling
dividend payments will be converted at a rate of EUR 1 to GBP 0.85478.
Therefore, the equivalent interim dividend in pence per ordinary share will be
8.16315.

Mondi plc South African branch register shareholders will receive the dividend
in South African rand cents, converted at a rate of EUR 1 to ZAR 13.19758.
Therefore, the equivalent gross interim dividend in rand cents per ordinary
share will be 126.03689.

Information relating to the dividend tax applicable to Mondi Limited
shareholders and Mondi plc South African branch register shareholders can be
found in the ZAR/euro exchange rate announcement released by Mondi on 8 August
2013.

Sponsor in South Africa: UBS South Africa (Pty) Ltd



END

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 1,107. Over this period, the share price is up 85.75%.

13 Sep Davy Research N/A Outperform
13 Sep Credit Suisse 1,220.00 Outperform
12 Sep Jefferies... 1,150.00 Buy

:-))

13 Dec Credit Suisse 1,310.00 Outperform

Mondi: Deutsche Bank raises target price from 1050p to 1200p and stays with its buy recommendation.

27 Feb Goodbody 1,240.00 Buy
27 Feb Davy Research N/A Outperform
26 Feb Credit Suisse 1,310.00 Outperform

Final Results

Record financial performance

*
+ Underlying operating profit of 699 million, up 22%

+ Underlying earnings of 95 euro cents per share, up 37%

+ ROCE of 15.3%, up 170 basis points

* 2012 packaging acquisitions integrated and synergies on track

* Strategic capital investments on track, with a number of projects completed

* Strong de-leveraging with net debt down by 251 million to 1,621 million

*
+ Cash generated from operations exceeded 1 billion for the first time

* Total dividend proposed of 36 euro cents per share, up




http://www.moneyam.com/action/news/showArticle?id=4763777

10 Mar Citigroup 1,260.00 Buy

22 Apr Credit Suisse 1,310.00 Outperform


Ex dividend -

23 Apr 2014 Mondi PLC (0.3 EUR)

Next week due a trading statement 14 May. In Shares - capital investment programme is bearing fruit,. Should illuminate on further profits progress since record finals 28 Feb.

Sharecast - Davy Research said it sees upside risk at Mondi, keeping an 'outperform' rating on the packaging stock as the momentum in selling prices turns positive.

"Overall, while we are unlikely to change forecasts, if this positive momentum is sustained, the risk to forecasts is to the upside. Combined with positive long-term fundamentals for most of Mondi's business units, this means that we maintain our ‘outperform’ rating."

14 May Credit Suisse 1,310.00 Outperform
14 May Goodbody N/A Buy

22 Jul Jefferies... 1,325.00 Buy
22 Jul Credit Suisse 1,215.00 Outperform

Trading Statement

PRNW



Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.

29 July 2014

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.

Mondi is currently finalising its results for the half year ended 30 June 2014,
which will be released on 7 August 2014. It can now be confirmed that
underlying operating profit for the half year ended 30 June 2014 is expected to
be above that of the comparable prior year period of EUR367 million.

In the six months ended 30 June 2013, the Group recognised a net special item
charge after tax of EUR68 million. The net special item charge for the six
months ended 30 June 2014 is around EUR16 million, relating to restructuring
activities in the Group's Coatings business and a net charge on early
redemption of the EUR280 million Eurobond, partly offset by the release of a
previously recognised provision for transaction costs.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the
half year ended 30 June 2014 to be within the ranges shown below:

* basic underlying EPS (euro cents) 49 to 54 (2013 49.4)

* basic EPS (euro cents) 46 to 51 (2013 35.3)

* basic headline EPS (euro cents) 46 to 51 (2013 45.7)

Mondi has disclosed basic underlying EPS, which is defined as basic EPS
excluding the impact of special items, as the directors believe this provides a
useful additional measure of the Group's underlying performance. Mondi has
disclosed basic EPS which includes the effect of special items. The disclosure
of basic headline EPS is required under the Listings Requirements of the JSE
Limited and has been calculated in accordance with Circular 2/2013 as issued by
the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi's
auditors.

End

Half-yearly Report

Highlights

* Steady improvement in all key financial metrics

*
+ Underlying operating profit of 377 million, up 3%

+ Underlying earnings of 51.9 euro cents per share, up 5%

+ Cash generated from operations of 439 million, up 2%

* ROCE of 16%, well in excess of through-the-cycle hurdle rate of 13%

* Acquisition of Graphic Packaging's bags and kraft paper operations
consolidates global market leadership position in Industrial Bags


http://www.moneyam.com/action/news/showArticle?id=4864371

10 Oct Credit Suisse 1,265.00 Outperform
10 Oct Jefferies... 1,325.00 Buy

Interim Management Statement

http://www.moneyam.com/action/news/showArticle?id=4905168

16 Oct Davy Research N/A Outperform
16 Oct Credit Suisse 1,265.00 Outperform
14 Oct Davy Research N/A Outperform

18 Dec Credit Suisse 1,265.00 Outperform
18 Dec Jefferies... 1,325.00 Buy

21 Jan Jefferies... 1,325.00 Buy

Top performing sector today
Forestry & Paper 12,688.66 +2.43%


26 Jan Credit Suisse 1,290.00 Outperform

Mondi PLC (MNDI:LSE) set a new 52-week high during Wednesday's trading session when it reached 1,200.72. Over this period, the share price is up 28.09%.

Trading Statement
PRNW


Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.

10 February 2015

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.

Mondi is currently finalising its results for the year ended 31 December 2014
which will be released on 24 February 2015. As indicated in Mondi's Interim
Management Statement released on 16 October 2014, the Group's underlying
operating profit for the first nine months of 2014 of EUR551 million was above
that of the comparable prior year period of EUR538 million. It can now be
confirmed that underlying operating profit for the year ended 31 December 2014
is expected to be above that achieved in 2013 (EUR699 million).

Furthermore, in the prior year, the Group recognised a net special item charge
after tax of EUR74 million. The equivalent special item charge for the year
ended 31 December 2014 is expected to be around EUR48 million, of which EUR16
million was recognised in the first half. In the second half of the year,
additional restructuring and closure costs and related impairments of
EUR37 million were recognised. Other items giving rise to a net gain of EUR5
million were also recognised.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the
year ended 31 December 2014 to be within the ranges shown below:

* basic earnings per share (euro cents) 96-99 (2013 79.8), increasing between
20% and 24%

* basic headline earnings per share (euro cents) 98-101 (2013 91.3),
increasing between 7% and 11%

* basic underlying earnings per share (euro cents) 106-109 (2013 95.0),
increasing between 12% and 15%

Mondi has disclosed basic underlying EPS, which is defined as basic EPS
excluding the impact of special items, as the directors believe this provides a
useful additional measure of the Group's underlying performance. Special items
are those items of financial performance that the Group believes should be
separately disclosed to assist in the understanding of the underlying financial
performance achieved by the Group. Mondi has disclosed basic EPS which includes
the effect of special items. The disclosure of basic headline EPS is required
under the Listings Requirements of the JSE Limited and has been calculated in
accordance with Circular 2/2013 as issued by the South African Institute of
Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi's
auditors.

End

Sharecast -


Mondi surprises with strong earnings recovery

Tue, 10 February 2015




Mondi surprises with strong earnings recovery



In a surprise announcement, packaging and paper group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year.
The FTSE 100 company's unscheduled update reported that basic earnings per share would be between €0.96 and €0.99 in the calendar year, up between 20% and 24% on the €0.80 last year.

Excluding special charges, underlying earnings also climbed between 12% and 15% to between €1.06 and €1.09, accelerating rapidly from the 5% gain seen in the first half of the year.

In October, the Johannesburg-based company reported flat underlying sales and underlying profits held back by planned maintenance shutdowns and falling 10% on the previous quarter.

The group had continued to benefit from price increases in the key packaging paper markets and lower wood costs, though these were offset by the major annual maintenance closures at its fine paper and container board facilities, which had a €30m adverse impact on the bottom line.

Tuesday's announcement was sparse in operational detail, but notified that underlying operating profit would be above that of the prior year's, having in the first nine months of the year risen 2.4% to €551m.

12 Feb Deutsche Bank 1,320.00 Buy

24 Feb Deutsche Bank 1,320.00

25 Feb Credit Suisse 1,485.00 Outperform
24 Feb Deutsche Bank 1,320.00 Buy

27 Feb Deutsche Bank 1,490.00 Buy

5 Mar Credit Suisse 1,485.00 Outperform

7 Apr Deutsche Bank 1,510.00 Buy

Trading statement Wednesday 13 May

Interim management statement

13 May Davy Research N/A Outperform
13 May Goodbody N/A Hold
12 May Credit Suisse 1,485.00 Outperform

Mondi makes headway in first quarter; shares in paper maker top FTSE 100

By Andrew Neil

May 13 2015, 11:07am
Mike van Dulken, head of research at Accendo Markets, said Mondi’s results were packed full of positives.



Paper maker Mondi (LON:MNDI) pulled off a punchy performance in its first quarter, sending shares to the top of the FTSE 100 this morning.

Operating profit in the three months to March was €236mln the South African company said – that’s 29% above the comparable period last year.

Wood costs, paper for recycling, resin, energy and chemicals costs were all lower than last year, while currency movements also helped out.

The rise in underlying operating profit was also due to volume growth across most of the European businesses.

Contributions from capital projects and acquisitions, and higher selling prices in Russia and South Africa, aided the performance, it said.

On its outlook, the paper and packaging firm said much depends on the macroeconomic environment, but that it remained confident of making good progress for the year.

Mike van Dulken, head of research at Accendo Markets, said Mondi’s results were packed full of positives.

“Average paper selling prices holding up and comparable sales growth across most business, both sequentially and annually, is also welcome news at this stage of the year,” he said.

“While management says the ‘outlook remains macro-dependant’, its confidence in FY progress is going down well with the investment community this early in the year when other corporates are possibly more cautious.”

Shares were still trading 10% higher at 11am, priced at 1,441p.

Questor-share-tip-Mondi-shares-jump-10pc-on-strong-start

14 May Credit Suisse 1,630.00 Outperform
14 May Deutsche Bank 1,640.00 Buy

8 Jul Davy Research N/A Outperform

20 Jul Investec 1,650.00 Buy

28 July 2015

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the half year ended 30 June 2015, which will be released on 6 August 2015. It can now be confirmed that underlying operating profit for the half year ended 30 June 2015 is expected to be above that of the comparable prior year period of EUR377 million.

In the six months ended 30 June 2014, the Group recognised a net special item charge after tax of EUR16 million. The net special item charge for the six months ended 30 June 2015 is around EUR36 million, relating mainly to restructuring activities including the closure of a small kraft paper mill in Finland, the closure of a consumer packaging plant in Spain and further restructuring of the US bags business.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year ended 30 June 2015 to be within the ranges shown below:

•basic underlying EPS (euro cents) 65 to 70 (2014 51.9), an increase of between 25% and 35%


•basic EPS (euro cents) 57 to 62 (2014 48.6), an increase of between 17% and 28%


•basic headline EPS (euro cents) 57 to 62 (2014 48.3), an increase of between 18% and 28%


Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding the impact of special items, as the directors believe this provides a useful additional measure of the Group?s underlying performance. Mondi has disclosed basic EPS which includes the effect of special items. The disclosure of basic headline EPS is required under the Listings Requirements of the JSE Limited and has been calculated in accordance with Circular 2/2013 as issued by the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi?s auditors.

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 1,544. Over this period, the share price is up 46.39%.

Half year report

Highlights

•Strong performance on all key financial metrics, with all business units delivering significantly improved results

◦Underlying operating profit of ?490 million, up 30%


◦Underlying earnings of 67.8 euro cents per share, up 31%


◦Cash generated from operations of ?538 million, up 23%


◦Return on capital employed of 19%



•Successful delivery on capital projects and acquisitions

◦Recently completed projects delivering ahead of plan


◦Current major projects on time and on budget


◦Turnaround of US Bags business acquired in 2014 on track



•Interim dividend of 14.38 euro cents per share, up 9%

Company News

Mondi profits up 30% off sales lift

Thu, 06 August 2015



(ShareCast News) - Packaging firm Mondi reported first half profits up 30% to €490m, following a boost in sales.
The dual-listed company said underlying earnings per share were up 31% compared with the same half last year to 67.8 euro cents, in line with the underlying profit lift.

Group revenue was up 10% due to higher sales volumes and prices, acquisitions and currency effects. Excluding the effects of acquisitions and disposals, this figure was up 3.9% compared with last year.

Mondi said like for like sales volumes were up across all Europe and international markets, but sales from South Africa were hit by extended annual maintenance at its Richard Bay mill in that region.

An interim dividend of 14.38 euro cents per share, up 9% on the prior year interim dividend of 13.23 euro cents per share was declared.

Management said it was confident about making good progress for the year.

7 Aug Investec 1,700.00 Buy
7 Aug Deutsche Bank 1,750.00 Buy

Shares - so where have investors made money among large caps? Packaging, housebuilders and insurance have been the stand out performers. The idea that you can achieve in excess of 50% profit from a FTSE 100 stock in just over 7 months would seem out of this world. Theoretically large caps are meant to be slow and steady , double digit returns are more the domain of the FTSE250 and lower. Yet international packaging group Mondi (MNDI) has surprised nearly everyone with a 52% gain year-to-date. Its no wonder investors have been clambering to own the stock.

Market Buzz

Mondi downgraded to 'sell' by Goldman Sachs

Wed, 16 September 2015

(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations.
Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, after a 41% price rise since the start of the 2015.

The US bank said it believed growth expectations were stretched, given Mondi's high exposure to kraftliner packaging and near-50% sales exposure to emerging markets.

On publication, Mondi trades at 8.9 times 2016 expected EV/EBITDA on 3% expected EBITDA growth in 2016, versus Goldman's packaging average of 12% and 7.4 times expected EV/EBITDA.

A new target price of 1,300p was set, down from the previous 1,380p.

Last month Mondi reported first half profits up 30% to €490m, following a boost in sales, with the London- and Johannesburg-listed company enjoying said like for like sales volumes were up across almost all European and international markets.

Mondi-drops-on-worries-about-the-packaging-industry.

6 Oct Davy Research N/A Outperform
6 Oct Credit Suisse 1,960.00 Outperform

MONDI

08 Oct 2015 07:00:00



Mondi PLC



Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together ?Mondi Group?) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.

Mondi Group: Interim Management Statement 8 October 2015

This interim management statement provides an overview of the financial performance and financial position of the Group since the half-year ended 30 June 2015, based on management information up to 30 September 2015 and estimated results for October 2015. These results have not been audited or reviewed by Mondi?s external auditors.

Reviewed results for the year ending 31 December 2015 will be published on or around 25 February 2016.

Except as discussed in this interim management statement, there have been no significant events or transactions impacting either the financial performance or financial position of Mondi Group since 30 June 2015 up to the date of this statement.

Group Performance Overview

Third quarter underlying operating profit of ?221 million was 27% above the comparable prior year period (?174 million) with a good performance from all business units and strong incremental contributions from Packaging Paper, Uncoated Fine Paper and the South Africa Division. As anticipated, underlying operating profit was 13% lower than the second quarter, reflecting the impact of planned maintenance shuts in a number of key operations and the usual seasonal slowdown in demand in certain segments.

Selling prices in local currency terms for most of the Group?s key paper grades were generally stable to higher versus both the second quarter and the comparable prior year period. Like-for-like sales volumes were up on the comparable prior year period with the exception of kraft paper, which was impacted by softer demand in certain export markets and the closure of the Lohja plant in the first half.

Among the key input costs, wood, energy and chemical costs remained stable in local currency terms, while average benchmark European paper for recycling costs rose by 13% over the previous quarter. Polyethylene prices remain volatile, with the average price level higher than the prior quarter.

There was a mixed impact in the period from currencies to which the Group is exposed. The South Africa Division benefited from the weaker rand against both the US dollar and euro while the weakening of the Russian rouble during the third quarter had a net negative translation effect on the profits from the domestically focused uncoated fine paper business.

During the third quarter, a number of planned maintenance shuts took place at various containerboard, kraft paper and uncoated fine paper operations. In the fourth quarter, maintenance shuts are planned at the Group?s Swiecie and Steti mills. For the full year, based on prevailing selling prices, the impact of maintenance shuts on underlying profit is still expected to be around ?90 million, of which the third quarter effect was around ?35 million (?70 million year-to-date).

Divisional Overview

In Packaging Paper, the containerboard business benefited from higher average selling prices versus both the comparable prior year period and the previous quarter, offset in part by higher paper for recycling costs. Average benchmark European virgin containerboard prices increased by 2% and recycled containerboard by 5% over the previous quarter as previously announced price increases came into effect. Demand remains good in all grades.

While European kraft paper markets remain stable, sack kraft export volumes are under some pressure due to a combination of political instability in the middle-east and north Africa and a slowdown in demand in certain south-east Asian markets.

The Fibre Packaging business benefited from volume growth and a reduction in fixed costs versus the comparable prior year period as a result of commercial excellence initiatives and the benefits of completed restructuring activities. Corrugated Packaging margins were negatively impacted by rising recycled containerboard input costs. The integration of the bags business acquired in the US continues to progress according to plan. The expected seasonally weaker demand in Industrial Bags will lead to lower profitability in the fourth quarter compared to the third quarter.

The Consumer Packaging business continues to make good progress with higher like-for-like sales volumes and improved margins versus the comparable prior year period. During the quarter, the sale of non-core operations in Germany and Malaysia was completed, in line with the Group?s strategy of focusing on higher-value added segments. In September, the Group announced that it had signed an agreement for the acquisition of Ascania nonwoven Germany GmbH for ?45 million, strengthening Mondi?s position as a preferred supplier of hygiene components. Completion remains subject to competition clearance.

Uncoated Fine Paper was impacted by the usual seasonal weakness in the third quarter, planned maintenance shuts and the weaker Russian rouble. Average European benchmark selling prices were up around 1% over the previous quarter. Price increases of between ?25/tonne and ?50/tonne depending on grade were successfully implemented in Europe during the quarter, while a price increase of 5% has been announced for the Russian market from October. The unintegrated mills in Austria remain under pressure from higher euro pulp prices.

The South Africa Division benefited from higher average domestic selling prices, higher export prices for hardwood pulp and currency gains. As anticipated, fair value gains on forestry assets were lower than both the previous quarter and the comparable prior year period.

Capital investment projects

Good progress is being made on the Group?s major capital investment projects although the ramp-up of the recently rebuilt paper and in-line coating machine at the Group?s Steti mill in the Czech Republic is slower than anticipated. As a consequence, the Group expects to deliver an incremental ?50 million contribution (previously ?60 million) to underlying operating profit in 2015 from its capital investment programme.

In July 2015, the first phase of the ?166 million Swiecie recovery boiler project in Poland was commissioned according to schedule, and a number of the smaller projects intended to modernise some packaging paper and converting operations have been completed and are in the process of ramp-up and optimisation.

Cash flow and financing activities

Strong cash generation from operating activities more than offset the cash outflows related to the Group?s capital expenditure programme and financing activities, resulting in a reduction in net debt during the quarter, with further deleveraging expected by the end of the year.

Finance charges were lower than that of the preceding quarter and the comparable prior year period, primarily due to lower average net debt levels and a reduction in exposure to higher-cost Russian rouble denominated debt.

There have been no significant changes in the Group?s borrowing facilities since 30 June 2015.

Summary

The Group continues to deliver strongly, benefiting from stable to higher selling prices in a number of key grades and the contributions from its capital investment programme. Currency volatility has had a limited impact on the Group, while costs remain generally stable. With our robust business model, clear strategic focus and culture of continuous improvement, management remains confident of continuing to deliver industry leading performance and making good progress for the year.

Capital Markets Day

On 3 November 2015 Mondi will host a Capital Markets Day in London to give investors and analysts further insight into Mondi?s business, growth strategy and capital expenditure programme. Presenters will include the Group Executive Committee and CEOs of the Group?s primary business units. All presentations will be made available on the Group?s website.

MONDI

08 Oct 2015 11:45:34



Mondi PLC



Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together ?Mondi Group?) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.

8 October 2015

Error Correction: Interim Management Statement 8 October 2015

The reference to the acquisition price of Ascania nonwoven Germany GmbH (?Ascania?) in the Interim Management Statement should have read ?54 million (not ?45 million as stated).

Full details of the acquisition of Ascania were set out in the Mondi Group announcement published on 18 September 2015.

8 Oct Davy Research N/A Outperform
8 Oct Goodbody N/A Hold
8 Oct Deutsche Bank 1,750.00 Buy

Questor-share-tip-Hold-Mondi-after-strong-third-quarter.

Market Buzz

Friday newspaper share tips: Looking inside Mondi's packaging

Fri, 09 October 2015



(ShareCast News) - After Mondi released its third quarter results on Thursday, the newspaper pundits have opened the packaging and had a look inside to offer their insight.
Yesterday The Telegraph's Questor noted that shares in the FTSE 100 packaging and paper giant have drifted down since August after fears Europe is slowing down as well as a note from Goldman Sachs in September advising traders to sell.

Despite the shares being exposed to the rollercoaster of the business cycle due to the company's fixed cost-base, Questor thinks it should be able to negotiate a tougher trading environment.

It said Mondi has more than doubled its profits and dividend in the last four years, but the problem now is it's looking expensive.

"In the year to date the shares have gained 38pc compared to the FTSE 100 down 3pc, and are now trading on 15 times forecast earnings per share."

Questor thought it was a solid company but the rating feels too high for a "cyclical industry play". It is sticking with its hold recommendation which it advised in August.

The Times' Tempus is taking a slightly more optimistic view, saying the company defied fears after it posted a 27% rise in underlying third quarter profit and highlighted a good performance from all its business units. It noted input prices are stable, paper prices across the range are stable to rising, and volumes are up.

It also highlighted that the company has some ambitious spending plans, with €1.15bn a year for the next two years covered by cashflow.

"The question is when it will have excess capital to hand back to investors, and this will depend on spending plans in 2017 and 2018, to be decided next year and themselves dependent on the state of the market."

Tempus said the shares have come up a long way and aren't cheap, but recommends it's a long term buy.

28 Oct Davy Research N/A Outperform

12 Feb Deutsche Bank 1,650.00 Buy
11 Feb Investec 1,700.00 Buy

Trading Statement
PRN
Mondi Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1967/013038/06)

JSE share code: MND ISIN: ZAE000156550

Mondi plc

(Incorporated in England and Wales)

(Registered number: 6209386)

JSE share code: MNP ISIN: GB00B1CRLC47

LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together 'Mondi Group') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.

16 February 2016

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the year ended 31 December 2015 which will be released on 25 February 2016. As indicated in Mondis Interim Management Statement released on 8 October 2015, the Groups underlying operating profit for the first nine months of 2015 of EUR711 million was 29% above that of the comparable prior year period of EUR551 million. It can now be confirmed that underlying operating profit for the year ended 31 December 2015 is expected to be above that achieved in 2014 (EUR767 million).

In the prior year, the Group recognised a net special item charge after tax of EUR48 million. The equivalent special item charge for the year ended 31 December 2015 is expected to be around EUR47 million, of which EUR36 million was recognised in the first half. In the second half of the year, additional restructuring and closure costs and related impairments as well as provision for settlement of a legal case relating to the 2012 acquisition of Nordenia were recognised.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the year ended 31 December 2015 to be within the ranges shown below:

basic earnings per share (euro cents) 121-126 (2014 97.4), increasing between 24% and 29%

basic headline earnings per share (euro cents) 121-126 (2014 99.5), increasing between 22% and 27%

basic underlying earnings per share (euro cents) 131 - 136 (2014 107.3), increasing between 22% and 27%

Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding the impact of special items, as the directors believe this provides a useful additional measure of the Groups underlying performance. Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group. Mondi has disclosed basic EPS which includes the effect of special items. The disclosure of basic headline EPS is required under the Listings Requirements of the JSE Limited and has been calculated in accordance with Circular 2/2015 as issued by the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondis auditors.

End

17 Feb Deutsche Bank 1,650.00 Buy

Final Results

Full year results for the year ended 31 December 2015

Highlights

Excellent financial performance
Significant profit improvements across all business units
Underlying operating profit of �957 million, up 25%
Underlying earnings of 133.7 euro cents per share, up 25%
Cash generated from operations of �1,279 million, up 24%
Return on capital employed of 20.5%
Capital projects delivering growth
Completed major projects delivering to plan, contributing incremental �50 million to underlying operating profit in 2015
Strong capital investment pipeline: �450 million in major projects approved and in progress
Ongoing portfolio optimisation and refinement
Acquisitions totalling �94 million to enhance product offering in Consumer Packaging
Closure of six operations and sale of a further four operations to optimise cost structures and refine product mix
Significant progress made against our five-year sustainable development commitments
Recommended full year dividend of 52.0 euro cents per share, up 24%

Trading Update

PRN


Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.

Mondi Group: Trading update 12 May 2016

This trading update provides an overview of our financial performance and financial position since the year ended 31 December 2015, based on management information up to 31 March 2016 and estimated results for April 2016. These results have not been audited or reviewed by Mondis external auditors.

Reviewed results for the half-year ending 30 June 2016 will be published on or around 4 August 2016.

Except as discussed in this update, there have been no significant events or transactions impacting either the financial performance or financial position of the Group since 31 December 2015 up to the date of this statement.

Group performance overview

Underlying operating profit for the first quarter of 2016 of EUR269 million was 14% above the comparable prior year period (EUR236 million). Strong contributions from Consumer Packaging, Uncoated Fine Paper and the South Africa Division more than offset the impact of lower selling prices in certain Packaging Paper segments and margin pressure in Fibre Packaging. Underlying operating profit was up 9% on the fourth quarter of 2015 (EUR246 million).

On a like-for-like basis, sales volumes were in line with the comparable prior year period, with lower volumes in the industrial bags segment offset by good growth in Consumer Packaging.

Selling prices for the Groups main paper grades were, on average, up on the comparable prior year period, with strong gains in Uncoated Fine Paper, and more modest gains in the South Africa Division and containerboard, partly offset by lower kraft paper prices.

Wood and chemical input costs were at similar levels to the comparable prior year period while paper for recycling costs were up 15%, but broadly unchanged from the fourth quarter of 2015. Energy costs were lower, driven by generally lower raw material input costs and the benefits from the green energy investments at Swiecie, Poland, completed in the second half of 2015.

Currency movements had a net negative impact versus the comparable prior year period, with the benefits of weaker emerging market currencies in our export oriented businesses more than offset by the impact of the weaker rouble on our domestically focused uncoated fine paper operations in Russia.

There were no significant planned maintenance shuts during the first quarter. In the comparable prior year period the impact of maintenance shuts on operating profit was estimated at around EUR17 million. Based on prevailing market prices, we continue to estimate that the impact of planned maintenance shuts on operating profit for 2016 will be around EUR70 million, of which around EUR25 million will be incurred in the first half of the year (EUR35 million in the first half of 2015).

Divisional overview

In Packaging Paper, selling prices for the containerboard grades were marginally up on average over the comparable prior year period but down on the prior quarter. While demand remains solid, increased supply from new capacity in Europe and competition from importers benefiting from weak emerging market currencies resulted in lower selling prices for unbleached kraftliner. Average benchmark European kraftliner prices were down 3.4% on the previous quarter, and at similar levels to the comparable prior year period. Benchmark selling prices for white-top kraftliner were marginally down on the previous quarter, while recycled containerboard prices were down 1.8% on the previous quarter, but 5.2% above the comparable prior year period. Given sustained good demand and a strong order position, we have announced a price increase of EUR40/tonne for all kraftliner and kraft-top liner grades from 6 June 2016.

Sales volumes for sack kraft paper remained at similar levels to the comparable prior year period. As previously indicated, demand softness in a number of export markets and seasonal weakness in European markets towards the end of the prior year lead to average selling prices for sack kraft paper produced in Europe declining by 5-6% in the early part of 2016. Demand has since improved in the important export markets of south east Asia and the Middle East and pricing remains stable.

In Fibre Packaging, continued strong cost management, the benefits of restructuring and rationalisation activities and contributions from capital investments provided some offset to negative currency effects and lower sales volumes in Industrial Bags, which has been impacted by capacity rationalisation and challenging market conditions in the US.

On 26 April 2016, the acquisition of SIMET S.A., a corrugated plant in Poland, was completed. The plant will be upgraded to a high-efficiency box plant, improving our customer offering and supporting the strong growth in the region.

The Consumer Packaging business continued to make good progress. Good volume growth, coupled with incremental improvements in fixed costs and the benefits from acquisitions completed at the end of 2015 contributed to the improved performance.

Uncoated Fine Paper performed strongly with higher average selling prices and stable volumes versus the comparable prior year period offsetting the negative impact of the weaker rouble. European prices have stabilised following the increases seen in the second half of 2015, with the benefits of industry capacity rationalisation in the prior year offset by subdued demand in the first quarter. Average benchmark selling prices in Europe were up 2.8% on the comparable prior year period and in line with prices in the fourth quarter of 2015.

The South Africa Division benefited from higher average selling prices for uncoated fine paper, pulp and white-top kraftliner, currency gains and higher fair value gains on forestry than the comparable prior year period. Pulp prices have shown some softness from the highs seen in the prior year, with the average US dollar benchmark price down 5% on the previous quarter. In 2015, the Richards Bay maintenance shut took place in the first quarter of the year, while in 2016 the shut is planned for the final quarter.

Capital investment projects

Good progress is being made on our previously announced major capital investment projects at our high-quality, low-cost operations in central Europe and South Africa. These projects remain on schedule and on budget.

Capital expenditure for the year is expected to remain in line with previous guidance of between EUR400 million and EUR450 million.

Cash flow and financing activities

On 14 April 2016 we issued a 1.5% EUR500 million Eurobond with an 8 year term under our European Medium Term Note Programme, thereby extending the Groups maturity profile and ensuring ample liquidity.

Strong cash generation from operating activities more than offset the cash outflows related to our capital expenditure programme and financing activities, resulting in a reduction in net debt during the quarter.

Finance charges were lower than those of the previous quarter and the comparable prior year period, mainly due to lower average net debt levels and mix effects.

There have been no other significant changes in the Groups borrowing facilities since 31 December 2015.

Outlook

As anticipated, we have seen some price weakness in certain of our packaging paper grades. However, demand for these products remains strong and we believe the fundamentals remain robust. Furthermore, we continue to benefit from higher uncoated fine paper prices, lower energy and related input costs and the incremental contributions from our recently completed capital investment projects, together with the stability afforded by our downstream converting businesses.

Our outlook remains positive and we are confident of delivering in line with our expectations

Acquisition(s)

PRN


Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

2 June 2016

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Rules and Transparency Rules and/or the Listing Rules of the United Kingdom Listing Authority.

Mondi Group signs agreement to acquire Kalenobel

Mondi Group has signed an agreement for the acquisition of 90% of the outstanding share capital in Kalenobel* from ARGUS Capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the companys founders, for a consideration of around EUR90 million on a debt-and-cash-free basis (consideration for 90% of the business).

Established in 1955, Kalenobel is a Turkish consumer packaging company focused on the manufacture of flexible consumer packaging for ice cream and other applications as well as aseptic cartons. The company is headquartered in Istanbul and operates two manufacturing sites northwest of the city.

Kalenobel serves both international FMCG companies as well as regional food and beverage producers. The company exports approximately half of its production, mainly to Western Europe, the Middle East and North Africa.

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: The acquisition of Kalenobel supports the growth of our Consumer Packaging business, broadening our product portfolio and geographic reach to better serve our customers in high-growth markets.

The transaction remains subject to competition clearance and other customary closing conditions and is expected to complete during the second half of 2016.

* Kale Nobel Ambalaj Sanayi ve Ticaret Anonim Sirketi.

Acquisition(s)

PRN


Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

11 July 2016

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.

Mondi Group signs an agreement to acquire Uralplastic

Mondi Group has signed an agreement to acquire 100% of the outstanding share capital of ZAO Uralplastic-N (Uralplastic) from Joint Stock Company Rusnano and a private investor.

Uralplastic operates one plant near Ekaterinburg, in the Ural region of Russia and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The company serves both local and international customers. For the year ended 31 December 2015 Uralplastic generated revenues of RUB1,988 million (EUR 29.2 million) and adjusted EBITDA of RUB318 million (EUR 4.7 million).

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: The acquisition of Uralplastic supports the development of our Consumer Packaging business and strengthens our presence in the Russian consumer packaging market, complementing our existing plant in Pereslavl, near Moscow and allowing us to improve our offering to customers in this growing market.

The transaction is expected to complete in July 2016.

Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail:lora.rossler@mondigroup.co.za


Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail:andrew.king@mondigroup.com

We are Mondi: In touch every day

At Mondi, our products protect and preserve the things that matter.

Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers, end consumers and industrial end uses - touching the lives of millions of people every day. In 2015, Mondi had revenues of 6.8 billion and a return on capital employed of 20.5%.

The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers are in industries such as automotive; building and construction; chemicals; food and beverage; home and personal care; medical and pharmaceutical; packaging and paper converting; pet care; and office and professional printing.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI.

For us, acting sustainably makes good business sense and is part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.

Sponsor in South Africa: UBS South Africa (Pty) Ltd

Trading Statement

PRN


Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together 'Mondi Group') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.

26 July 2016

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the half year ended 30 June 2016, which will be released on 4 August 2016. It can now be confirmed that underlying operating profit for the half year ended 30 June 2016 is expected to be above that of the comparable prior year period of EUR490 million.

There have been no special items in the six months ended 30 June 2016. In the six months ended 30 June 2015, the Group recognised a net special item charge after tax of EUR36 million.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year ended 30 June 2016 to be within the ranges shown below:

•basic underlying EPS (euro cents) 73 to 77 (2015: 67.8), an increase of between 8% and 14%


•basic EPS (euro cents) 73 to 77 (2015: 60.3), an increase of between 21% and 28%


•basic headline EPS (euro cents) 73 to 77 (2015: 60.1), an increase of between 21% and 28%


Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding the impact of special items, as the directors believe this provides a useful additional measure of the Groups underlying performance. Mondi has disclosed basic EPS which includes the effect of special items. The disclosure of basic headline EPS is required under the Listings Requirements of the JSE Limited and has been calculated in accordance with Circular 2/2015 as issued by the South African Institute of Chartered Accountants.

Interim Result
04 Aug 16 Mondi PLC [MNDI]

Half year report

Half-yearly results for the six months ended 30 June 2016

Highlights

" Continued strong financial performance on all key metrics
• Underlying operating profit of �529 million, up 8%
• Underlying earnings of 75.0 euro cents per share, up 11%
•Cash generated from operations of �620 million, up 15%
•Return on capital employed of 21.2%

" Capital projects continue to deliver growth

" Strategic acquisitions enhance packaging portfolio

" Interim dividend declared of 18.81 euro cents per share

4 Aug Davy Research N/A Outperform
4 Aug Goodbody N/A Buy

Ex dividend Wed 17 Aug 0.19 euro

2016 Interim Dividend euro/sterling Exchange Rate

PRN


Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules and Listing Rules of the United Kingdom Listing Authority.

26 August 2016

Mondi Group 2016 Interim Dividend euro/sterling Exchange Rate

Mondi announced on 4 August 2016 that Mondi Limited and Mondi plc will pay their respective dividends on 13 September 2016 as follows:

Mondi Limited

Mondi Limited will pay its dividend in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 15.35580.

Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260.

Mondi plc

Mondi plc will pay its dividend in euro (18.81 euro cents per ordinary share).

However, ordinary shareholders resident in the United Kingdom will receive the dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections was 19 August 2016. It was stated in the announcement on 4 August 2016 that the exchange rate for this payment would be set today. Accordingly, it is confirmed that sterling dividend payments will be converted at a rate of EUR 1 to GBP 0.85448. Therefore, the equivalent interim dividend in pence per ordinary share will be 16.07277.

Mondi plc South African branch register shareholders will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 15.35580. Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260.

Information relating to the dividend tax applicable to Mondi Limited shareholders and Mondi plc South African branch register shareholders can be found in the ZAR/euro exchange rate announcement released by Mondi on 4 August 2016.

Sponsor in South Africa: UBS South Africa (Pty) Ltd

26 Aug Deutsche Bank 1,700.00 Buy

Acquisition(s)
PRN
Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550
Mondi plc
Incorporated in England and Wales
Registered number: 6209386
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
10 October 2016
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.
Mondi Group signs an agreement to acquire Beepack
Mondi Group has signed an agreement to acquire 100% of the outstanding share capital of LLC Beepack (Beepack) from a private investor for a consideration of RUB2,825 million (EUR41 million) on a debt-and-cash-free basis.
Beepacks plant in Lebedyan (Lipetsk region of Russia, around 400 km south of Moscow) makes a range of corrugated packaging trays and boxes for food and agricultural products including beverages, fruit and vegetables, poultry and dairy. Customers include local Russian and international producers. For the year ended 31 December 2015 Beepack generated revenues of RUB2,782 million (EUR41 million) and adjusted EBITDA of RUB462 million (EUR7 million).
David Hathorn, Chief executive of Mondi Group, said: The acquisition of Beepack supports the ongoing development of our Corrugated Packaging business in central and eastern Europe. It enables us to enter a market with strong growth potential while expanding our geographic reach to better serve our customers.
The transaction remains subject to customary closing conditions and is expected to complete in Q4 2016.

Trading Update
PRN
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND     ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP     ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.
Mondi Group: Trading update 13 October 2016
This trading update provides an overview of our financial performance and financial position since the half year ended 30 June 2016. These results have not been audited or reviewed by our external auditors.
Except as discussed in this update, there have been no significant events or transactions impacting either the financial performance or financial position of the Group since 30 June 2016 up to the date of this statement.
Group performance overview
Underlying operating profit for the third quarter of 2016 of EUR227 million was 3% above the comparable prior year period (EUR221 million). As anticipated, generally lower average selling prices and a significantly lower fair value gain on forestry assets resulted in a 12% reduction in underlying operating profit from the second quarter of 2016 (EUR259 million).
On a like-for-like basis, sales volumes of our key paper grades were in line with the comparable prior year period.
Of our key input costs, wood and chemical costs remained stable during the period. Energy costs were down on the comparable prior year period due to lower energy prices and the benefits of various energy efficiency investments. While we continue to benefit from the energy investments completed in 2015 at Swiecie, prices achieved for green energy resulting from these investments were significantly lower than both the comparable prior year period and the second quarter and remain under pressure going into the fourth quarter. The average cost per tonne of paper for recycling was up 8% on the comparable prior year period and up 10% on the second quarter. Polyethylene prices were down on the comparable prior year period and stable on the second quarter.
While generally weaker compared to the third quarter of 2015, the emerging market currencies in which we operate were relatively stable to stronger versus the Euro when compared to the second quarter of 2016.
We completed planned maintenance shuts at our Swiecie (Poland) and Ruzomberok (Slovakia) mills during the quarter. The estimated impact on operating profit was around EUR20 million (EUR35 million in Q3 2015) and we continue to estimate that the full year impact of planned maintenance shuts will be around EUR70 million (2015: EUR90 million). In the fourth quarter, maintenance shuts are planned at the Richards Bay mill (South Africa) and at our kraft paper operations, with an estimated impact on operating profit of around EUR30 million (Q4 2015: EUR20 million). In 2015, the Richards Bay shut took place in the first quarter.
Divisional overview
In Packaging Paper, average benchmark European virgin containerboard prices were similar to the previous quarter but over 7% down on the comparable prior year period. Supported by sustained good demand and a strong order position, a price increase of EUR20/tonne was implemented in August across all European markets excluding southern Europe, partly offsetting the price erosion seen over the course of the first half of the year. Average benchmark recycled containerboard prices were down by around 3% versus the previous quarter and around 7% down on the comparable prior year period.
Average kraft paper prices were marginally down versus the previous quarter and around 8% down on the comparable prior year period. During the quarter we announced a EUR60/tonne increase in sack kraft paper for all European markets and an 8-12% increase in export markets.
In the Industrial Bags segment of Fibre Packaging, while European markets remain robust, the business continued to be negatively impacted by challenging market conditions in the US and CIS. The fourth quarter will be impacted by the usual seasonal slowdown in demand. Corrugated Packaging achieved good organic volume growth, supplemented by the acquisition of SIMET S.A. earlier in the year. On 10 October 2016, we announced the acquisition of a corrugated packaging facility in Russia (LLC Beepack) for a consideration of RUB2,825 million (EUR41 million) on a cash and debt free basis, supporting the ongoing development of our Corrugated Packaging business in central and eastern Europe.
During the third quarter, we concluded the acquisitions of Kalenobel (Turkey) and Uralplastic (Russia), supporting the growth of our Consumer Packaging business. While the integration of these businesses is progressing, a small net charge to operating profit in the second half of 2016 is expected from these acquisitions due to the effects of acquisition accounting and transaction costs.
Benchmark European uncoated fine paper prices were down by around 1% versus the previous quarter and marginally down on the comparable prior year period. In Europe, prices were under pressure through the quarter from a combination of seasonally weak demand and an increase in imports, but recent indications are that pricing has stabilised as order books strengthen into the seasonally stronger winter months. Pricing in the CIS markets remains stable. The marginal strengthening of the rouble in the quarter gave rise to translation gains for our domestically focused Russian uncoated fine paper operations.
In our South Africa Division, the notable strengthening of the rand in the quarter and the continued weakness of the USD pulp price (down 16% on the comparable prior year period and down 3% on the previous quarter) negatively impacted the profitability of the export oriented pulp and containerboard operations. Forestry gains of EUR8 million were significantly lower than those recognised in the first half of the year (EUR48 million).
Capital investment programme
We continue to make good progress on our previously announced major capital investment projects at our high-quality, low-cost operations in central Europe and South Africa.
At our Richards Bay mill (South Africa) the projects to upgrade the woodyard and provide capacity to produce unbleached kraftliner are nearing completion with planned project tie-ins to be completed during the maintenance shut in October.
As a result of lower prices for green energy in Poland and the slower than anticipated ramp-up of the paper and in-line coating machine at Steti (Czech Republic), the incremental operating profit contribution in 2016 from our capital investment programme is now estimated to be EUR50 million (previously EUR60 million).
Cash flow
Strong cash generation from operating activities largely offset the cash outflows related to our capital expenditure programme, acquisitions totalling EUR132 million and payment of the interim dividend. Net debt increased during the quarter to EUR1,560 million (30 June 2016: EUR1,491 million).
Outlook
We expect to benefit from stable to higher selling prices in a number of key product segments as we move into 2017 following the downward pressure seen over the course of 2016. Costs remain generally stable, albeit with near-term pressure in certain areas. Our ongoing capital investment programme continues to deliver strong returns. With our clear strategy, robust business model and culture of continuous improvement, we remain confident of continuing to deliver an industry leading performance.

1 Nov
Davy Research
N/A
Outperform

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 1,721.00. Over this period, the share price is up 39.81%.

Mondi PLC (MNDI:LSE) set a new 52-week high during today's trading session when it reached 1,796.00. Over this period, the share price is up 46.40%.

Modernisation and expansion of Steti Mill

PRN


Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

26 January 2017

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority. This announcement contains inside information and falls within the inside information classification pursuant to the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC).

Modernisation and expansion of the Steti mill in the Czech Republic

As previously stated, Mondi continues to assess capital investment opportunities centred on the Groups high-quality, low-cost packaging paper assets in central Europe.

The Mondi Boards have approved the modernisation and expansion of the Steti mill for a total investment of 470 million, subject to obtaining approval for various tax incentives and necessary permitting. The project consists of the installation of a new recovery boiler, the rebuild of the fibre lines, the debottlenecking of the paper machines and an investment in a new 90,000 tonnes per annum machine glazed kraft paper machine. Key benefits of the project are:

•Increased electricity self-sufficiency, lower energy costs and reduced environmental footprint of the mill


•Increased pulp production of 130,000 tonnes per annum and lower pulp production costs per tonne


•Debottlenecking of existing packaging paper machines providing total incremental production of 55,000 tonnes per annum


•Additional capacity to produce 90,000 tonnes per annum of machine glazed kraft paper to supply fast growing end-uses in flexible packaging and food service applications


•Avoidance of maintenance capital expenditure over the next five years of around 105 million.


The new recovery boiler and rebuilt fibre lines are expected to start up in late 2018 while the new paper machine is expected to start up in the first half of 2019. Based on the current timetable, capital expenditure on the project is expected to be incurred in the three years from 2017 to 2019.

Given the approved project pipeline, the Groups annual capital expenditure is now expected to be in the range of 600-650 million in 2017 and 800-850 million in 2018.

Commenting on the project, Mondi Group CEO David Hathorn said, This investment represents an exciting step in the continued development of our Packaging Paper business, further leveraging our low-cost production footprint in central Europe to produce high quality products that meet the growing needs of our customers

Acquisition(s)

PRN


Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

6 February 2017

As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.

Mondi Group acquires Excelsior Technologies

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies Limited (Excelsior or the Company) from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of 33 million (38 million), on a debt and cash-free basis.

Excelsior is a vertically-integrated producer of innovative flexible packaging solutions, mainly for food applications, with a unique packaging technology for microwave steam cooking. With two plants, located in Deeside (Northern Wales, UK) and Nelson (Lancashire, UK) the Company serves both domestic and US customers. For the year ended 31 December 2016, Excelsior generated revenues of 39 million (47 million).

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: The acquisition of Excelsior supports the development of our Consumer Packaging business in high growth product applications. Its leading microwave steam cooking packaging technology complements and enhances our global food packaging offering.

Market Buzz
Broker tips: Mondi, Inmarsat
Fri, 17 February 2017


(ShareCast News) - JPMorgan Cazenove upgraded paper and packaging company Mondi to 'overweight' from 'neutral' and lifted the price target to 2,070p from 1,600p.
The bank said it expects the tightening in Mondi's key markets and rising old corrugate container/pulp input costs - from which Mondi derives net benefit as a mostly integrated producer - to support price hikes from the second quarter.

This drives upgrades of around 6% to its FY17 earnings per share forecasts and 3% to FY18 estimates.

JPM pointed out that Mondi's key markets are tightening on the back of strong demand, limited near-term capacity additions and lack of spare capacity in the US (a major exporter into Europe), assisted by rising input costs.

"Moreover, we expect Mondi's balance sheet to continue to offer optionality in the form of further M&A or cash returns, given low levels of leverage.

"On 14.3x FY17e price to earnings, some of the improved outlook is priced in, but Mondi tends to rerate in a price hiking cycle and, in a reflationary environment, we think there will be more to go given improved pricing power."

Final results


Full year results for the year ended 31 December 2016
Highlights
Strong financial performance
Underlying operating profit of �981 million, up 3%
Underlying earnings of 137.8 euro cents per share, up 3%
Cash generated from operations of �1,401 million, up 10%
Return on capital employed of 20.3%
Capital projects delivering growth
Completed major projects contributed incremental �50 million to underlying operating profit in 2016
Strong expansionary capital investment pipeline: over �800 million in major projects approved and in progress
Four acquisitions totalling �185 million, expanding our packaging interests
Implemented Growing Responsibly model, defining our sustainability commitments to 2020
Recommended full year dividend of 57.0 euro cents per share, up 10%

23 Feb
Deutsche Bank
2,100.00
Buy

2 Mar
Jefferies...
2,200.00
Buy

7 Mar
Goldman Sachs
2,000.00
Neutral

2016 Final Dividend euro/sterling Exchange Rate
PRN
Mondi Limited
Incorporated in the Republic of South Africa
Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196, Gauteng, RSA
Registration number: 1967/013038/06
Tax registration number: 920/0017/71/4P
JSE share code: MND ISIN: ZAE000156550
Mondi plc
Incorporated in England and Wales
Registered office: 1st Floor, Building 1, Aviator Park, Station Road, Addlestone, Surrey KT15 2PG, UK
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority. To comply with the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC), this announcement is classified as additional regulated information required to be disclosed under the laws of a Member State.
2 May 2017
Mondi Group 2016 Final Dividend euro/sterling Exchange Rate
Mondi announced on 23 February 2017 that Mondi Limited and Mondi plc will, subject to shareholder approval at the AGMs, pay their respective dividends on 18 May 2017 as follows:
Mondi Limited
Mondi Limited will pay its dividend in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 13.68707.
Therefore, the equivalent gross final dividend in rand cents per ordinary share will be 522.70920.
Mondi plc
Mondi plc will pay its dividend in euro (38.19 euro cents per ordinary share). 
However, ordinary shareholders resident in the United Kingdom will receive the dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections was 21 April 2017. It was stated in the announcement on 23 February that the exchange rate for this payment would be set today. Accordingly, it is confirmed that sterling dividend payments will be converted at a rate of EUR 1 to GBP 0.84713. Therefore, the equivalent final dividend in pence per ordinary share will be 32.35189.
Mondi plc South African branch register shareholders will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 13.68707. Therefore, the equivalent gross final dividend in rand cents per ordinary share will be 522.70920.
Information relating to the dividend tax applicable to Mondi Limited shareholders and Mondi plc South African branch register shareholders can be found in the ZAR/euro exchange rate announcement released by Mondi on 23 February 2017.
Sponsor in South Africa: UBS South Africa (Pty) Ltd

Thurs 11 May Trading statement

Trading Update
PRN
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.
Mondi Group: Trading update 11 May 2017
This trading update provides an overview of our financial performance and financial position since the year ended 31 December 2016, based on management information up to 31 March 2017 and estimated results for April 2017. These results have not been audited or reviewed by Mondis external auditors.
Reviewed results for the half-year ending 30 June 2017 will be published on 3 August 2017.
Except as discussed in this update, there have been no significant events or transactions impacting either the financial performance or financial position of the Group since 31 December 2016 up to the date of this statement.
Group performance overview
Underlying operating profit for the first quarter of 2017 of 252 million was 6% down on the comparable prior year period (269 million). Strong sales volume growth was more than offset by a significantly lower forestry fair value gain, inflationary cost pressures and lower average selling prices. Underlying operating profit was up 12% on the fourth quarter of 2016 (225 million) as the Group benefited from higher sales volumes and prices.
Sales volumes grew across the Groups Packaging Paper, Fibre Packaging and Consumer Packaging business units compared to the first quarter of 2016. This was further enhanced by the acquisitions in our Corrugated and Consumer Packaging businesses during 2016.
Selling prices for the Groups main paper grades were, on average, below those of the comparable prior year period as prices decreased over the course of 2016. As previously highlighted, during the first quarter of 2017, we implemented price increases across a number of our paper grades, although these had only limited impact in the quarter.
Wood costs were higher than the comparable prior year period, while benchmark paper for recycling prices rose sharply, up 17% compared to the first quarter of 2016, and were at similar levels to the fourth quarter of 2016. Benchmark polyethylene prices were also higher, on the back of higher crude oil prices. Energy costs increased due to the weather conditions in Europe and higher energy input costs. Inflationary cost pressure resulted in higher fixed costs and the depreciation charge was up due to the impact of the Groups capital investment programme.
Currency movements had a small net positive impact on operating profit versus the comparable prior year period and a small net negative impact when compared to the fourth quarter of 2016.
Planned maintenance shuts were completed in Packaging Paper during the quarter with an estimated impact on operating profit of 10 million. There were no significant maintenance shuts during the first quarter of 2016. Based on prevailing market prices, we continue to estimate that the impact of planned maintenance shuts on operating profit for 2017 will be around 80 million, of which around 35 million will be incurred in the first half of the year (20 million in the first half of 2016).
Divisional overview
In Packaging Paper, average selling prices for containerboard were down on the comparable prior year period due to price erosion seen over the course of 2016. Compared to the first quarter of 2016, average benchmark European kraftliner prices were down 2.7%, recycled containerboard prices were down 5.8%, and white-top kraftliner prices were marginally down. Supported by strong demand, price increases were implemented in recycled containerboard, with a cumulative 80/tonne increase having been achieved by the beginning of the second quarter. In unbleached kraftliner grades, increases of 50/tonne were implemented towards the end of the first quarter, while increases of up to 30/tonne in white top kraftliner have been agreed for implementation in the second quarter of 2017. Given sustained good demand and a strong order position, we have announced a further price increase of 50/tonne for unbleached kraftliner grades to take effect during the second quarter of 2017.
Sales volumes for sack kraft paper remained at similar levels to the comparable prior year period. As previously indicated, selling prices were increased by 3?4% from the beginning of 2017 in all markets. Demand remains strong, particularly in our export markets, supporting further price increases during the second quarter of 2017 of 3?4% in our European business and, where not fixed by annual contracts, in overseas markets.
Our Fibre Packaging business benefited from good volume growth, particularly in Corrugated Packaging, and a positive contribution from the acquisitions completed during 2016. Recent paper price increases are impacting margins in the near term, while strong cost management continues to limit the impact of other inflationary cost pressures.
Consumer Packaging was impacted by inflationary cost pressures and negative sales mix effects which were offset by increased volumes and the contributions from recent acquisitions. Short term profit growth is proving challenging due to low growth in certain value added product areas.
Uncoated Fine Paper continued to perform strongly despite weaker European pricing, benefiting from good demand, stable Russian domestic pricing and a stronger Russian rouble. Average benchmark European selling prices were down 4% on the comparable prior year period. During the first quarter, price increases of around 15?25 per tonne were implemented in Europe. Given continued good demand, a further price increase of up to 6% was announced to be implemented in Europe during May.
Our South Africa Division was impacted by a significantly lower forestry fair value gain, lower average export selling prices for both hardwood pulp and white top kraftliner, and a stronger rand, which more than offset higher average domestic selling prices.
Capital investment projects
We are making good progress on our capital investment projects. The recently completed projects in our Richards Bay (South Africa) and Syktyvkar (Russia) mills are making good contributions. Ramp-up of the rebuilt paper and inline coating machine in Steti (Czech Republic) remains challenging. Our investment at Swiecie (Poland) to provide an additional 100,000 tonnes per annum of softwood pulp and 80,000 tonnes per annum of lightweight kraftliner is currently in ramp-up. The process of obtaining approval for tax incentives and permitting for the proposed new paper machines at our Steti and Ruzomberok (Slovakia) mills is ongoing and work has started on the modernisation of the Steti pulp mill.
Cash flow and financing activities
Strong cash generation from operating activities more than offset the cash outflows related to our capital expenditure programme, acquisitions, and financing activities, resulting in a reduction in net debt during the quarter.
In April 2017, we redeemed our 5.75% 500 million Eurobond from available cash and committed undrawn debt facilities. This will result in a lower finance cost charge for 2017.
There have been no other significant changes in the Groups borrowing facilities since 31 December 2016.
Outlook
As previously advised, we are experiencing some inflationary cost pressures across the Group and the forestry fair value gain is expected to be lower than in 2016. Supported by good demand, we have successfully implemented price increases in a number of key paper grades and we expect to continue to benefit from our recently completed capital projects and acquisitions. We remain confident of making progress in the year and continuing to deliver industry leading returns.

09:00 27/07/2017
Broker Forecast - Deutsche Bank issues a broker note on Mondi PLC
Deutsche Bank today reaffirms its buy investment rating on Mondi PLC (LON:MNDI) and raised its price target to 2300p (from 2200p). Story provided by StockMarketWire.com

8 Sep
Deutsche Bank
N/A
Buy
14 Aug
Deutsche Bank
2,300.00
Buy
7 Aug
Deutsche Bank
2,300.00
Buy

12:30 12/09/2017
Broker Forecast - Goldman Sachs issues a broker note on Mondi PLC
Goldman Sachs today reaffirms its neutral investment rating on Mondi PLC (LON:MNDI) and raised its price target to 2200p (from 2100p). Story provided by StockMarketWire.com

23 Oct
Jefferies...
2,300.00
Buy

08:10 18/12/2017
Broker Forecast - Deutsche Bank issues a broker note on Mondi PLC
Deutsche Bank today upgrades its investment rating on Mondi PLC (LON:MNDI) to buy (from hold) and left its price target at 2150p. Story provided by StockMarketWire.com

09:40 20/12/2017
Broker Forecast - Goldman Sachs issues a broker note on Mondi PLC
Goldman Sachs today upgrades its investment rating on Mondi PLC (LON:MNDI) to buy (from neutral) and left its price target at 2200p. Story provided by StockMarketWire.com

Acquisition(s)
PRN
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND     ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP     ISIN: GB00B1CRLC47
LSE share code: MNDI
22 December 2017
As part of the dual listed company structure, Mondi Limited and Mondi plc (the Companies and together Mondi Group, the Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.
Mondi Group signs an agreement to acquire Powerflute
Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group Holdings Oy (Powerflute or the Company), a division of Nordic Packaging and Container Holdings (NPAC Holdings), for a total consideration of 365 million on an enterprise value basis.
Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tonnes of high-performance semi-chemical fluting. Powerflutes premium semi-chemical fluting is sold to a diverse range of customers, primarily for packaging fresh fruit and vegetables, but also other end-uses such as electronics, chemicals and pharmaceuticals. Around half of the Companys production is sold in Europe, while the remainder is exported globally.
For the year ended 31 December 2017, the Company is expected to generate revenues of around 183 million and unaudited pro-forma adjusted EBITDA of around 42 million. Powerflute will be integrated into Mondis Packaging Paper Business Unit.
Commenting on the acquisition, Peter Oswald, Chief executive of Mondi Group, said: The acquisition of Powerflute supports our strategy of investing in high-quality packaging and paper assets. We are excited by this opportunity to expand our customer offering by further broadening our containerboard product range and geographic reach.
The transaction remains subject to competition clearance and customary closing conditions and is expected to complete in the first half of 2018.

Friday 2 March Final results

Final results


Full year results for the year ended 31 December 2017
Highlights
" Robust financial performance
" Revenue of �7,096 million, up 7%
" Underlying EBITDA of �1,444 million, up 6%
" Underlying operating profit of �1,018 million, up 4%
" Underlying basic earnings of 149.5 euro cents per share, up 8%
" Profit before tax of �887 million, up 5%

Sharecast - t a note on packaging and paper.



Goldman said it likes Smurfit in the packaging space, along with Mondi, which had been trading up earlier. The bank said it expects Smurfit and Mondi to benefit from already achieved price increases throughout 2017 and continuous solid demand.
"Smurfit Kappa Group and DS Smith, two of the biggest box producers in Europe are targeting box prices after rising input costs through 2017 caused margin contraction. At 4Q results, Smurfit highlighted it had achieved a 5% box price increase and remained confident in achieving the 6%-8% it guided for earlier in 2017.
"DS Smith is targeting an 8%-10% increase and had achieved around 3.5% at 1H18 results and price increases are progressing in line with expectations. We expect the recovery to continue in 1H18 and drive a margin expansion in 2018 as producers benefit from already achieved box prices and get additional gains in 1H18 contract negotiations."

Acquisition(s)
PRN
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
30 April 2018
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group, the Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and / or the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.
Mondi Group signs an agreement to acquire NPP in Egypt
Mondi has signed an agreement to acquire 100% of the outstanding shares in National Company for Paper Products and Import & Export S.A.E (NPP or the Company), for a total consideration of EGP510 million (23.7 million) on a debt and cash free-basis.
NPP is a privately owned industrial bags producer, operating one plant in Giza near Cairo (Egypt) serving mostly regional customers. For the year ended 31 December 2017, the Company generated revenues of EGP577 million (29 million) and adjusted EBITDA of EGP107 million (5 million).
Mondi is the leading industrial bags producer in the Middle East, operating four plants in the region. Commenting on the acquisition, Erik Bouts, CEO Fibre Packaging, Mondi Group, said: The acquisition of NPP complements our network of plants in the growing Middle East region and provides us with a leading position in Egypt to grow our business and better serve our customers.
The transaction is subject to customary closing conditions and is expected to complete during the first half of 2018.

Trading update

Half year report

Highlights
Strong financial performance
Underlying EBITDA of 852 million, up 17%, with margin of 22.9%
Profit before tax of 490 million, up 6%
Basic underlying earnings of 89.2 euro cents per share, up 26%
Cash generated from operations up 18%
Return on capital employed 21.3%
Excellent performance from Packaging Paper
Good progress on major capital investment projects
Integration of recent acquisitions on track, expanding the Groups containerboard portfolio and network of industrial bag plants in high growth regions
Interim dividend declared of 21.45 euro cents per share

22 Aug
Jefferies...
N/A
Buy

2018 Interim Dividend euro/sterling Exchange Rate
PRN
Mondi Limited
Incorporated in the Republic of South Africa
Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196, Gauteng, RSA
Registration number: 1967/013038/06
Tax registration number: 920/0017/71/4P
JSE share code: MND ISIN: ZAE000156550
Mondi plc
Incorporated in England and Wales
Registered office: 1st Floor, Building 1, Aviator Park, Station Road, Addlestone, Surrey KT15 2PG, UK
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.
31 August 2018
Mondi Group 2018 Interim Dividend euro/sterling Exchange Rate
Mondi announced on 3 August 2018 that Mondi Limited and Mondi plc will pay their respective dividends on 14 September 2018 as follows:
Mondi Limited
Mondi Limited will pay its dividend in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 15.59068.
Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 334.42009.
Mondi plc
Mondi plc will pay its dividend in euro (21.45 euro cents per ordinary share).
However, ordinary shareholders resident in the United Kingdom will receive the dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections was 24 August 2018. It was stated in the announcement on 3 August 2018 that the exchange rate for this payment would be set today. Accordingly, it is confirmed that sterling dividend payments will be converted at a rate of EUR 1 to GBP 0.89641. Therefore, the equivalent interim dividend in pence per ordinary share will be 19.22799.
Mondi plc South African branch register shareholders will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 15.59068. Therefore, the equivalent gross final dividend in rand cents per ordinary share will be 334.42009.
Information relating to the dividend tax applicable to Mondi Limited shareholders and Mondi plc South African branch register shareholders can be found in the ZAR/euro exchange rate announcement released by Mondi on 3 August 2018.
Sponsor in South Africa: UBS South Africa (Pty) Ltd

Simplification of corporate structure
PRN
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34

JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together Mondi Group, the Group or Mondi) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.
This announcement contains inside information.
19 November 2018
Simplification of corporate structure
The Boards of Mondi plc and Mondi Limited (the Boards) announce that they are proposing to simplify the existing Mondi Group structure from the current dual listed company structure ("DLC") into a single holding company structure under Mondi plc. Mondi plc will continue to have a premium listing on the London Stock Exchange (LSE) and will have an inward secondary listing on the Johannesburg Stock Exchange (JSE) quoted in rand.
The simplification will be implemented by way of a South African scheme of arrangement whereby Mondi plc will acquire Mondi Limited. Mondi Limited shareholders will receive one new Mondi plc share in exchange for each Mondi Limited share held. Following the simplification, each Mondi plc shareholder will have the same voting and capital interests in the Group as each Mondi Limited and Mondi plc shareholder currently has.
Since its formation in 2007, Mondi has been an integrated corporate group established under a DLC structure with dual holding companies, Mondi plc, listed on the LSE with a secondary listing on the JSE holding the non-South African interests of the Group, and Mondi Limited, listed on the JSE holding the South African interests of the Group. Operating as a combined group, Mondi is governed by complex arrangements to maintain parity between the economic and voting rights of the Mondi plc and Mondi Limited shareholders. At the time of formation, this structure reflected the fact that the majority of Mondi's business was located in Europe, whilst recognising Mondi's South African heritage and its significant ongoing operations in the country. The shares in Mondi plc and Mondi Limited currently represent approximately 76% and 24%, respectively, of the Mondi Groups combined ordinary share capital.
Mondi has achieved very strong profit growth since listing and, as the Group has evolved, its non-South African interests have grown faster than its South African interests, reflecting the relative scale of opportunities in the respective markets. Today, over 90% of the Group's underlying earnings are generated outside South Africa. This results in an imbalance between the share of the Group dividend Mondi Limited is required to support (approximately 24%) and the contribution of Mondi Limited to Mondis profit available for distribution. The proposal will simplify cash and dividend flows.
Mondi remains fully committed to South Africa with the South African operations being an important part of Mondi, contributing to the Groups industry leading performance. Streamlining the corporate structure will facilitate continued investment in the South African operations, estimated at over R8 billion over the next five years, including the ongoing investment in forestry assets and modernisation of the Groups pulp, containerboard, and paper assets.
The simplification will also enhance strategic flexibility, increase transparency and remove the complexity associated with the current structure. The simplification will not result in any changes to the management, operations, locations, activities or staffing levels of the Mondi Group.
Mondi has received written approval from the Minister of Finance through the South African Reserve Bank (SARB) to simplify the existing Mondi Group structure and to operate under Mondi plc as a single holding company.
Mondi plc will continue to be incorporated in the UK and will remain UK tax resident. Mondi Limited will remain incorporated and tax resident in South Africa and will become a subsidiary of Mondi plc. Mondi plc will continue to have a pound sterling quote on the LSE and will have an inward secondary listing on the JSE quoted in rand. Dividends will continue to be declared in euros. Shareholders holding Mondi plc shares on the JSE will continue to receive payment in rand. The Groups dividend policy remains unchanged.
Mondi plc shares will continue to be included in the FTSE 100 index. Today Mondi Limited shares are not eligible for inclusion in the FTSE 100 index. Following the issue of Mondi plc shares in exchange for Mondi Limited shares as a result of the simplification, it is expected that Mondi plc's weighting in the FTSE 100 index will increase. Mondi plc shares are expected to continue to be eligible for inclusion in the key JSE indices.
The simplification is not expected to have any significant impact on the reported profits or net assets of the business.
The simplification is subject to certain conditions, including, among other things, the approval of the shareholders of Mondi plc and Mondi Limited. A shareholder circular, scheme document and prospectus are expected to be made available to shareholders in the first half of 2019, with implementation of the simplification currently expected in the second half of 2019.
Peter Oswald, Chief Executive of Mondi, commented, "Mondi has delivered a strong track record of value accretive growth since listing. While we have successfully operated as a DLC to date, the evolution of the Group since its formation in 2007 means that we need to consider the appropriate structure for the future. The proposed simplification is a natural step to remove the complexities around our structure and make our corporate framework more efficient. Our South African operations remain important to the Group and the proposed simplification facilitates the modernisation of our Richards Bay mill and ongoing capital expenditure in South Africa. Our strategy of delivering value accretive growth focused around innovative and sustainable packaging and paper solutions remains unchanged".

11:00 04/01/2019
Broker Forecast - Jefferies International issues a broker note on Mondi PLC
Jefferies International today reaffirms its buy investment rating on Mondi PLC (LON:MNDI) and cut its price target to 1950p (from 2250p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk