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Kalkine Media ASX Share Market News & Research

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

April 09, 2020 06:44 PM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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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 9th 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.

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