×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Draw a year-to-date chart of Sappi vs Mondi and you’ll observe something interesting. Despite both companies taking trees and turning them into useful products (admittedly with different focus areas), Sappi is up 24% this year and Mondi is down 22% (at time of writing, at least — both can experience sharp moves over just a couple of days).

This is a spectacular divergence caused by factors beyond Mondi’s control. As Putin’s army moved into Ukraine, Mondi’s share price nosedived. Though the group operates in more than 30 countries, the Russian operations contributed 12% of group revenue in 2021 and had averaged 20% of group earnings before interest, tax, depreciation and amortisation (ebitda) over the past three years. The group has been in Russia for more than 22 years...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now