UK's Mondi rises on upbeat Q4 profit, plans more job cuts

Mondi

19/02/2026 08:46

** Shares of paper and packaging company Mondi MNDI.L up 4.2% at 963 pence, top gainer on FTSE 100 .FTMC index

** Co reports Q4 adj core profit of 214 million euros ($252.50 million), above Jefferies' estimate of 203 million euros

** MNDI cut its 2026 capex outlook to about 550 million euros from 650 million euros

** JPMorgan’s Detlef Winckelmann says the results suggest Mondi is nearing the end of its earnings downgrade cycle, but high gearing and uncertainty in corrugated markets could pressure the stock near term

** Co has reduced headcount by about 1,000 over the past 12 months, with the recent closure of three plants expected to cut a further 200 jobs

** MDNI up 0.35% this year, as of last close

($1 = 0.8479 euros)

 (Reporting by Megha Kumari)

 ((Megha.Kumari@thomsonreuters.com;))