Mondi

Mondi shares jumped 11.3% after Q2 results: adjusted EBITDA in the quarter €167m (Bloomberg consensus €160m), H1 adjusted EBITDA €379m and operating cash flow €347m. Management lowered the capex forecast from €550m to €500–550m and cut maintenance spending to €80m. Market participants viewed the €296m of impairments as largely non-cash and focused on the operational improvement and adjusted undiluted earnings per share of 11.6 euro cents. » Altro su de.investing.com

Mondi reported adjusted EBITDA of €167m for Q2, about 4% above the Bloomberg consensus of €160m; adjusted EBITDA for the first half was €379m and operating cash flow €347m. Management lowered its full‑year guidance for capital expenditure to €500–550m (previously €550m) and cut maintenance spending to €80m. Despite impairments of €296m, investors reacted positively to the beat and improved capital discipline, sending the stock up roughly 9.5%. A strong market environment in London amplified the price reaction. » Altro su de.investing.com

Mondi reported Q2 EBITDA of €167m (including a negative fair-value adjustment on forestry assets of €43m), beating the Bloomberg consensus of €160m. The company cut maintenance spend guidance to €80m and narrowed capex to €500–550m, while financing costs remained at €125m and depreciation was reduced to €475m. Mondi recorded impairments totaling €296m (including €206m related to the Duino plant) and is implementing price adjustments to offset higher wood and energy costs; further price increases are planned for September. » Altro su de.investing.com