Get to know your JSE companies: MONDI PLC (JSE: MNP)

Mondi released its financial results for 1H2021 on 5 August 2021. Group revenue increased by 5% to €3.63bn (1H2020: €3.45bn), and operating profit declined slightly by 2.9% to €503mil (1H2020: €518mil). Underlying EBITDA decreased by 3.93% to €709mil (1H2020: €738mil) but was 15.28% higher than the second half of 2020 (2H2020: €615mil). Basic earnings per share remained flat compared to the prior comparable reporting period and contracted only 0.28% to 71.8 euro cents (1H2020: 72 euro cents).

While macroeconomic uncertainties remain troublesome due to the Covid-19 pandemic, the company produced a solid financial performance for the first half of 2021.

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