PAPER AND PACKAGING
Lower prices and higher costs hit Mondi’s operating profit
Mondi is being led by CEO Peter Oswald from this week, after the retirement of group CEO David Hathorn
12 May 2017 - 05:18
Mondi says underlying operating profit for the first quarter of 2017 of €252m is down 6% on that of the matching period. Strong growth in sales volumes was hit by considerably lower forestry fair-value gain, inflationary cost pressures and lower average selling prices, the international paper and packaging group said on Thursday.
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