Mondi Plc

Interim Results: For the six months to June 2022 revenue rose 37% to €4.5 bn (excluding Russian operations). Mondi experienced margin expansion across all business units and underlying EBITDA grew 65% (including Russia) to €1.1 bn. The company is disposing of its Russian operations which contributed €228 million of EBITDA in the period, or 19.5% of the group total EBITDA. Group net debt was reduced 37% to €1.2 billion, or 0.8x underlying EBITDA. Mondi’s increased the interim dividend by 8% year-over-year to €0.2167 or R3.71 per share.