Mondi

Expect positive pricing outlook on October 17th

  • Sectors : Paper & Packaging
  • Companies : Mondi

Ratings and price correct at time of issue.

  • Mondi

    Closing Price: 1410.5p

  • RATING 08/05/24

  • PREVIOUS RATING 05/05/20

    NEUTRAL

DAVY VIEW

Mondi profits are boosted by rising containerboard and paper bag prices. Expect 14% Q3 2024e EBITDA growth to €300m on October 17th. Confident of Mondi’s (1) positive pricing momentum, (2) muted cost inflation and (3) organic expansion, our 2025e €1.45bn EBITDA and €1.50 EPS sit 2% ahead of the street.

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Oct 8 2024, 07:00 IST/BST

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