Brief: Mondi Says It Is Actively Responding To Geopolitical Tensions In Middle East With Pricing Actions
24/04/2026 07:14
April 24 (Reuters) - Mondi PLC MNDI.L: MONDI PLC: Q1 2026 TRADING UPDATE MONDI - Q1 2026 UNDERLYING EBITDA €212 MILLION INCLUDING €8 MILLION FORESTRY FAIR VALUE GAIN MONDI - FULL-YEAR 2026 FORESTRY FAIR VALUE GAIN EXPECTED TO BE NIL MONDI: CLOSURE OF A FURTHER THREE CONVERTING PLANTS WILL REDUCE HEADCOUNT BY 450 OVER COURSE OF THIS YEAR MONDI: LIMITED DIRECT EXPOSURE TO REGION AND ALL OPERATIONS CONTINUE TO RUN SAFELY, WITH WELLBEING OF OUR COLLEAGUES REMAINING OUR HIGHEST PRIORITY MONDI: ACROSS BUSINESS, WE HAVE HOWEVER EXPERIENCED INCREASED ENERGY, RAW MATERIAL AND LOGISTICS COSTS MONDI: SIGNIFICANTLY HEIGHTENED GEOPOLITICAL TENSIONS IN MIDDLE EAST INCREASED VOLATILITY IN AN ALREADY COMPLEX OPERATING ENVIRONMENT MONDI: WHILE THERE IS A CUSTOMARY LAG, WE EXPECT IMPACT OF THESE PRICE INCREASES TO TAKE FULL EFFECT IN Q3 OF THIS YEAR MONDI: INCREASE IN VOLUMES WAS OFFSET BY LOWER AVERAGE SELLING PRICES AND, TOWARDS END OF QUARTER, HIGHER ENERGY-RELATED INPUT COSTS MONDI: ACTIVELY RESPONDING TO GEOPOLITICAL TENSIONS IN MIDDLE EAST WITH PRICING ACTIONS MONDI: EXPECT IMPACT OF PRICE INCREASES TO TAKE FULL EFFECT IN Q3 OF THIS YEAR Source text: ID:nPRrO3487a Further company coverage: MNDI.L ((Reuters.Briefs@thomsonreuters.com;))