Mondi expects H1 earnings to increase by 35%
Dual-listed packaging and paper group Mondi expects its underlying operating profit for the half-year ended June 30 to be above the €377-million it reported for the first six months of 2014.
In the six months under review, the group recognised a net special item charge of €36-million, relating mainly to restructuring activities including the closure of a small kraft paper mill in Finland, the closure of a consumer packaging plant in Spain and further restructuring of the US bags business.
Mondi further expected its basic underlying earnings per share (EPS) to be €0.65 to €0.70 apiece, a 25% to 35% increase from the previous year, while its basic EPS would be 17% to 28% higher, ranging between €0.57 to €0.62.
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