Mondi falls to almost a three-year low after earnings warning
10 October 2019 - 11:09
Paper and packaging group Mondi’s share price fell to its lowest level in almost three years on Thursday morning, after it warned that softer paper demand and lower prices had hit its third-quarter revenue.
Earnings before interest, taxation, depreciation and amortisation (ebitda) had fallen 18% to €383m in the three months to end-September, the company said, adding that prices had fallen further in its fourth quarter...
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