The FTSE 100 packaging and paper group, headquartered in Weybridge, said that higher average selling prices and overall volume growth helped offset significant cost pressures. Corrugated packaging, flexible packaging and uncoated fine paper were among the best sellers during the quarter. In the third quarter of 2022, the Russian operations generated profit after tax of €104 million (EBITDA of €129 million). Commenting on this quarter's results Mondi CEO Andrew King said: 'Mondi delivered strongly in the third quarter. The Mondi Group is formed by Mondi South Africa, which was founded in 1967 and the acquisition of Frantschach and Neusiedler, which were founded in Austria in 1881 and 1793 respectively.

Source: Daily Mail October 14, 2022 19:08 UTC