Mondi drops 10% as Panmure Liberium flags forecast pressure

Industry & Services General Industry Written by: Proactive 05:00 Thu 15 Oct 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Proactive Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research 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 drops 10% as Panmure Liberium flags forecast pressure Published: 05:00 15 Oct 2026 EDT Mondi PLC (LSE:MNDI) shares fell 10% to 736.80p after its third-quarter update showed weaker underlying EBITDA and a forestry outlook that Panmure Liberium expected to pressure consensus forecasts. The broker listed a ‘buy’ rating and a target of 1,103 pence, while highlighting delays in passing on higher input costs. Its forestry concern reflected management’s earlier expectation of a second-half gain, yet Mondi expects no fourth-quarter forestry fair value gain if prevailing energy prices persist. The quarterly figures showed underlying EBITDA falling 12.1% year on year to €196 million from €223 million, with the previous year’s quarter including €20 million of forestry gains. Although EBITDA rose from €167 million in the second quarter, that period included a €43 million forestry fair value loss. Excluding forestry movements, Panmure Liberium calculated a 7% sequential decline, primarily reflecting planned maintenance shutdowns. Alongside that maintenance impact, higher energy and wood costs remained a challenge, while competitive pressure and delayed recovery of paper price increases affected Corrugated Solutions margins. To improve efficiency, Mondi is transferring customer volumes from plants scheduled to close this year and sold one solid board converting plant in late September, agreeing a second sale. Despite these pressures, Panmure Liberium highlighted ‘paperisation’, growing e-commerce and fast-moving consumer goods demand, and a well-invested flexible packaging business positioned to benefit from recovery. Mondi expects further paper price increases announced during the quarter to benefit performance towards the end of 2026 and into 2027. Panmure Liberium said it would review its estimates after the results call. Continue reading