MONDI, the multinational packaging and paper group, said on Friday that, despite the significant geopolitical and macroeconomic uncertainties, it was confident it would continue to demonstrate resilience.
In its trading update for the third quarter, the group said it anticipated continued inflationary pressures on its cost base as it entered the fourth quarter.
“The group remained well placed to deliver sustainably into the future, underpinned by our integrated cost-advantaged asset base, culture of continuous improvement, portfolio of sustainable packaging solutions, the strategic flexibility offered by our unique platform for growth, and strong cash generation and financial position,” it said.
Mondi flagged the fact that underlying earnings before interest, tax, depreciation and amortisation from continuing operations, excluding the Russian operations, for the third quarter was €450 million (R8 billion),…