Mondi reports lower third-quarter Ebitda on maintenance shuts, forestry fair value loss
Sustainable packaging and paper group Mondi has reported underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of €223-million for the quarter ended September 30, compared with €351-million in the quarter ended June 30. The group attributed the decrease primarily to increased planned maintenance shuts and a forestry fair value loss, which, combined, resulted in a €90-million difference in Ebitda between the second and third quarters.