Mondi reports robust half-year performance despite drop in Ebitda

Packaging and paper producer Mondi delivered a robust performance in the first half of this year on the back of improving market conditions, although its underlying earnings before interest, taxes, depreciation, and amortisation (Ebitda) of €565-million with a margin of 15.1% was below the comparable half-year period in 2023 of €680-million, with a 17.5% margin. The lower Ebitda for the half-year to June 30, was primarily owing to lower average selling prices and inflationary personnel and operating cost pressures, despite an improvement in sales volumes and a reduction in input costs, the company says.