August 22, 2017 2:05 PM ET

Containers and Packaging

Company Overview of The Mondi Group plc

Company Overview

The Mondi Group plc, through its subsidiaries, manufactures and distributes paper and packaging products. The company provides containerboards, sack kraft papers, specialty kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office papers, and professional printing papers. It serves automotive, building and construction, chemicals and dangerous goods, food and beverages, farming and agriculture, graphic and photographic, home and personal care, medical and pharmaceutical, office and professional printing paper, paper and packaging converting, pet care, and other industries worldwide...

4th Floor

No. 3 Melrose Boulevard

Melrose Arch

Johannesburg,  2196

South Africa

Founded in 1967

25,000 Employees

Phone:

27 11 994 5400

Fax:

27 86 520 4688

Key Executives for The Mondi Group plc

CEO & Executive Director
Age: 54
CFO & Executive Director
Age: 47
Chief Executive Officer for South Africa Division
Age: 62
Group Technical Director
Age: 57
Company Secretary
Age: 33
Compensation as of Fiscal Year 2017.

The Mondi Group plc Key Developments

Mondi Group Announces Combined and Consolidated Earnings Results for the Six Months Ended June 30, 2017

Mondi Group announced combined and consolidated earnings results for the six months ended June 30, 2017. For the period, group revenue was €3,582 million against €3,312 million a year ago. Underlying EBITDA was €710 million against €714 million a year ago. Underlying operating profit was €497 million against €529 million a year ago. Operating profit was €502 million against €529 million a year ago. Profit before tax was €462 million against €482 million a year ago. Diluted underlying earnings per share were 71.2 cents against 74.9 cents a year ago. Profit for the period attributable to shareholders was €350 million against €363 million a year ago. Diluted earnings per share were 72.2 cents against 74.9 cents a year ago. Net cash generated from operating activities was €519 million against €516 million a year ago. Net debt was €1,468 million against €1,491 million a year ago. Diluted headline EPS was 72.6 cents against 74.9 cents a year ago. Investment in property, plant and equipment was €254 million against €214 million a year ago.

Mondi Group Announces Audited Earnings Results for the Six Months and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Fiscal 2017 and Capital Expenditure Guidance for the Fiscal 2018

Mondi Group announced audited earnings results for the six months and full year ended December 31, 2016. For the year, the company reported group revenue was €6,662 million against €6,819 million a year ago. Underlying EBITDA was €1,366 million against €1,325 million a year ago. Underlying operating profit was €981 million against €957 million a year ago. Operating profit was €943 million against €900 million a year ago. Profit before tax was €843 million against €796 million a year ago. Basic underlying earnings per share were 137.8 cents against 133.7 cents a year ago. Basic earnings per share were 131.8 cents against 124.0 cents a year ago. Cash generated from operations was €1,401 million against €1,279 million a year ago. Net debt was €1,383 million against €1,498 million a year ago. In 2016, the company invested €465 million in capital expenditure against €595 million a year ago. For the six months, the company reported group revenue was €3,350 million against €3,360 million a year ago. Underlying EBITDA was €652 million against €654 million a year ago. Underlying operating profit was €452 million against €467 million a year ago. Operating profit was €414 million against €449 million a year ago. Profit before tax was €361 million against €404 million a year ago. The company anticipates operating profit of €30 million in 2017. Given the approved project pipeline, annual capital expenditure is expected to be in the range of €600-€650 million in 2017 and €800-€850 million in 2018 as expenditure on these large projects accelerates.

Mondi Group Announces Executive Changes

Mondi Group announced that David Hathorn, Group Chief Executive Officer, has informed the Boards of his decision to retire. Peter Oswald, currently an Executive Director and Chief Executive Officer of the Europe & International Division, will succeed David as Group Chief Executive Officer. In order to ensure a smooth transition, David and Peter will work together over the next three months and David will stand down as Group Chief Executive Officer and as a director of Mondi plc and Mondi Limited at the conclusion of the Annual General Meetings on 11 May 2017, at which time Peter will assume the full responsibility as the Group Chief Executive Officer. Thereafter David will support Peter as required and continue to work in an executive capacity until his retirement in February 2018.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2016
LLC Beepack
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