Mondi Group Announced Interim Management Statement
OREANDA-NEWS. This interim management statement provides an update on the financial performance and financial position of the Group since the year ended 31 December 2012, based on management accounts up to 31 March 2013 and estimated results for April 2013. These results have not been audited or reviewed by Mondi’s external auditors.
Reviewed results for the half year ending 30 June 2013 will be published on or around 8 August 2013.
Except as discussed in this interim management statement, there have been no other significant events or transactions impacting either the financial performance or financial position of Mondi since 31 December 2012 up to the date of this statement.
Underlying operating profit for the first quarter of 2013 was EUR162 million, in line with our expectations despite the effects of a one-off write-down in the value of green energy credits of EUR11 million. This reflects a 35% increase on the comparable prior year period (EUR120 million) and is in line with the previous quarter (EUR163 million). The significant increase over the comparable prior year period is a result of improved market conditions in the Packaging Paper and South African businesses, as well as the benefits from the acquisitions of Nordenia and the corrugated packaging plants in Germany and the Czech Republic completed towards the end of 2012.
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