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Mondi PLC reported on Monday its profitability dwindled in the third quarter of this year due mainly to softer volumes and weaker prices. The Weybridge, England-based packaging firm saw its underlying earnings before interest, taxes, depreciation and amortisation drop 19% to €223 million for the third quarter of 2025 from €274 million in the second quarter, but was flat compared to the third quarter last year. Ebitda is a measure of underlying profitability. The company that is undergoing a reorganisation said the trading environment in the third quarter remained ‘challenging’, noting that volumes were hit by subdued demand and paper selling prices declined. Forestry fair value gain was €20 million on-quarter, up 25% from €16 million. In the third quarter last year, it booked forestry fair value loss of €15 million. In a trading update, Mondi also said the integration of its recently acquired Schumacher business is progressing well. Mondi completed its acquisition of packaging assets from Schumacher Packaging GmbH for €634 million early in April this year. With effect from October 1, Mondi said it had re-organised itself into two business units - corrugated packaging and flexible packaging. It combined uncoated fine paper with corrugated packaging to form an enlarged corrugated packaging business unit. Flexible packaging remains unchanged. For the remainder of this year, Mondi expects challenging trading conditions to persist, as demand-side confidence remains fragile, key markets remain in oversupply and current selling prices are lower than third quarter average selling prices. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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