Mondi reports higher revenues
| 28 February, 2019
Mondi reports that group revenue was €7,481 million in 2018, up 5% on the prior year.
While core product volumes in the Uncoated Fine Paper business were up year-on-year, market pulp and newsprint volumes were negatively impacted, respectively, by the extended shut at Mondi’s Richards Bay mill in South Africa and the strategic decision taken in the prior year to exit the newsprint market in South Africa.
Peter Oswald, Mondi Group Chief Executive Officer, said: "Mondi delivered a strong performance in 2018, with underlying EBITDA up 19% to €1,764 million. We benefited from good demand across our fibre packaging businesses, higher average selling prices and the contribution from our recent acquisitions. I am particularly pleased to report on a robust operating performance, delivering productivity gains and strong cost containment, mitigating the inflationary pressures on our cost base.”