Lower prices and soft demand hit Mondi
Paper and packaging group’s earnings dive 18% in the three months to end-September
10 October 2019 - 19:23
The lower average prices and reduced demand for its products that Mondi experienced in the three months to end-September are likely to spill into the fourth quarter, analysts said on Thursday.
Mondi manufactures and sells packaging and paper products to customers in the UK, SA and Austria. In the three months, Mondi’s like-for-like sales volumes were, on average, marginally lower than the comparable period in the prior year. The paper and packaging group attributed the fall in volumes to lower industrial bags and uncoated fine paper volumes...
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