Mondi Plc’s Underlying EBITDA decline by 18% in 1Q2020

1 min read | April 09, 2020 01:44 PM EDT | By Team Kalkine Media

Google News:

Recent News

Centerra Gold Pipeline Growth Fuels Fresh Valuation Debate Today

Manulife’s TSX Composite Index Story Tests Asia Growth Confidence

Sprott Valuation Check Deepens After Multi Year Market Run

Neo Performance Valuation Debate Deepens After Strong Market Rally

Make Kalkine Media
My Trusted Source

Mondi Plc (LON:MNDI) has released updates on trading and impact of COVID-19.

The company, while talking about the impacts of Covid-19 has said that its potential effects remain very unclear. The company, however, stated that it moved quickly to protect liquidity, cash flow and profitability while seeking to ensure that it is well placed to benefit when the recovery takes place.
During the first quarter of 2020, the company’s Underlying EBITDA was down by 18 per cent to €385 million as compared €471 million in the prior-year period.
The Underlying EBITDA was though in line with the fourth quarter of 2019 at €381 million.
On 9^th April 2020, at the time of writing, GMT 08:38 AM, MNDI shares were trading at GBX 1,363.50, up by 15.00 points or 1.11% against the previous day closing price.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.