| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Mondi earnings fall 13% in Q3 on lower prices
StockMarketWire.com
|
Packaging company Mondi's third-quarter earnings were down 13% on the previous quarter amid ongoing closures and lower prices.
Underlying earnings before interest, taxes, depreciation and amortisation reached €306 million in the three months to the end of September, Mondi said this morning in a trading update.
This compared to €353 million in the second quarter, and €383 million in the third quarter of 2019.
Growth in the company's uncoated fine paper and fibre-based packaging products and 'ongoing strong cost control' were offset by the impact of planned maintenance shuts, negative currency effects and lower average selling prices, Mondi said.
At 8:08am: (LON:MNDI) Mondi PLC share price was -47.25p at 1620.25p
Story provided by StockMarketWire.com
|
|
|
|
|
|
