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UBS downgrades Mondi to 'neutral' on persistent cost pressure

UBS has downgraded paper and packaging group Mondi PLC (LSE:MNDI) to 'neutral' from ' buy ', citing persistent cost pressure and the prospect of a weak second quarter, and cut its price target by 23%. The bank lowered its target to 750p from 970p, against a current share price of 703p.

Proactive Investors • Jun 30, 2026
Mondi holds steady but warns costs and pricing pressure will linger

Mondi PLC (LSE:MNDI), the international paper and packaging company, turned in a solid first quarter, with underlying EBITDA of €212 million, almost identical to the €214 million it posted in Q4 2025, as stronger sales volumes were largely cancelled out by pricing pressure and rising costs. Volumes picked up across both Corrugated Packaging and Flexible Packaging, helped by recent capacity additions and a broader…

Proactive Investors • Apr 24, 2026

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