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.


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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

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]