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BASIC INDUSTRIES: Mondi (MNDILN Baa1/A-/NR): 3Q24 Trading Update

BASIC INDUSTRIES
  • Underlying EBITA fell 36% QoQ, with planned maintenance and a forestry impairment driving 70% of the impact. Seasonality and input cost inflation were behind the remainder.
  • It describes trading conditions as “muted” on macro uncertainty.
  • Consensus sees an EBITDA pickup for 2H overall, which would require a strong 4Q.
  • Webcast 09.00 BT https://register.vevent.com/register/BI8f07b89af1084e86ba6bbe5f19ea32ab.
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  • Underlying EBITA fell 36% QoQ, with planned maintenance and a forestry impairment driving 70% of the impact. Seasonality and input cost inflation were behind the remainder.
  • It describes trading conditions as “muted” on macro uncertainty.
  • Consensus sees an EBITDA pickup for 2H overall, which would require a strong 4Q.
  • Webcast 09.00 BT https://register.vevent.com/register/BI8f07b89af1084e86ba6bbe5f19ea32ab.