Mondi gains as price rises and cost cuts lift outlook

Industry & Services General Industry Written by: Oliver Haill 09:27 Thu 30 Jul 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenote... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Mondi PLC ( LSE:MNDI ) View Price & Profile Mondi gains as price rises and cost cuts lift outlook Published: 09:27 30 Jul 2026 BST Mondi PLC (LSE:MNDI) shares jumped 12.1% to 884.8p as investors looked beyond a sharp fall in first-half earnings and a dividend cut to improving trading momentum and further action on costs. The packaging and paper group said revenue increased to €4 billion from €3.9 billion, helped by higher sales volumes and price increases. Underlying earnings before interest, tax, depreciation and amortisation fell 33% to €379 million. The margin narrowed to 9.5% from 14.4% as higher energy, wood and other input costs combined with lower average selling prices. Underlying pre-tax profit dropped to €80 million from €272 million, while underlying earnings per share fell to 11.6 euro cents from 42.7 euro cents. Mondi recorded a statutory pre-tax loss of €240 million after taking €320 million of impairment and restructuring charges. Only €24 million of these charges is expected to involve a cash outflow. Chief executive Andrew King said: "Trading momentum improved through the first half and we enter the second half with higher packaging paper prices, supported by good order books." The company has closed or is closing six plants as part of its network optimisation programme. It also reduced its forecast for capital expenditure in the 2026 financial year to around €500 million from €550 million. Cash generated from operations declined to €347 million from €416 million. Net debt increased to 3.2 times underlying earnings from 2.5 times a year earlier. Mondi cut its interim dividend to 9.4 euro cents a share from 23.3 euro cents. Continue reading