UK's Mondi dives as Q1 profit falls, Middle East woes loom

Mondi

24/04/2026 08:15

** Shares of Mondi MNDI.L down 5.1% at 798.8p

** Stock top percentage loser on FTSE 100 .FTSE, which is down ~0.4%

** British paper and packaging company posts Q1 underlying core profit of 212 mln euros ($247.55 mln) vs 290 mln euros a year ago on a challenging paper-market industry

** Co to raise prices as Middle East conflict leads to higher energy, raw material and logistics costs
** Co to close three converting plants, reducing headcount by 450 over course of year

** YTD, MNDI stock has fallen ~7%, .FTSE up 5.3%

($1 = 0.8564 euros)

 (Reporting by Akshaya V in Bengaluru)

 ((akshayav@thomsonreuters.com))