Ticker

Panmure Liberum has begun coverage of Mondi PLC (LSE:MNDI), the packaging and paper group, with a 'buy' recommendation and a target price of 1,103p. Mondi's market capitalisation stood at £3.873 billion at the time of the note's publication.

Mondi plc (MONDY) Q2 2026 Earnings Call Transcript

Mondi LON: MNDI reported underlying EBITDA of €379 million for the first half of 2026, as lower average selling prices and higher input costs outweighed improved sales volumes and cost-control measures. The company said it entered the second half with higher packaging prices and strong order books, though it continues to face volatile energy-related costs and rising wood costs in Central and Eastern Europe.

Mondi PLC (LSE:MNDI) shares jumped 12.1% to 884.8p as investors looked beyond a sharp fall in first-half earnings and a dividend cut to improving trading momentum and further action on costs. The packaging and paper group said revenue increased to €4 billion from €3.9 billion, helped by higher sales volumes and price increases.