Mondi Group has published its half-yearly results for the six months ended 30 June 2015. Highlights from the report include:
- Strong performance on all key financial metrics, with all business units delivering significantly improved results
- Underlying operating profit of €490 million, up 30%
- Underlying earnings of 67.8 euro cents per share, up 31%
- Cash generated from operations of €538 million, up 23%
- Return on capital employed of 19%
Commenting on the report David Hathorn, Mondi Group chief executive, said:
“I am pleased to report another strong performance, building on the good results achieved in the prior year. Improvements in underlying profit in all business units, driven by generally positive selling price and volume developments, coupled with good cost control and the contribution from recently completed capital projects, enabled the Group to deliver an impressive return on capital employed of 19%. A focus during the period was on the optimisation of major capital projects completed in the prior year. It is pleasing to note all are performing ahead of expectation. Furthermore, all ongoing projects remain on time and on budget for completion over the coming two years.”
