Cost, currency pressures to weigh marginally on Mondi’s FY results

Continuing cost pressures and negative currency impacts affecting packaging and paper multinational Mondi are expected to result in an underlying performance for the full year modestly below market expectations, despite expectations of a strong final quarter supported by generally higher average selling prices and good growth. The JSE- and LSE-listed group, however, in a trading update for the three months ended September 30, issued on Wednesday, cited a strong project pipeline, with the group confident of continuing to grow and delivering returns.