Mondi Limited
(Incorporated in the Republic of South
Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and
Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
23 July 2019
As part of the dual listed company structure, Mondi Limited and
Mondi plc (together “Mondi Group”, the “Group” or “Mondi”) notify
both the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of the JSE
Limited and / or the Disclosure Guidance and Transparency Rules and
the Listing Rules of the United Kingdom Listing Authority.
Mondi Group: Trading Statement
In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial
results for the period to be reported on next will differ by at
least 20% from those of the previous corresponding period.
Mondi is currently finalising its results for the half year
ended 30 June 2019, which will be released on 1 August 2019. Mondi expects underlying EBITDA
for the half year ended 30 June 2019 to be above that of the
comparable prior year period of €852 million.
Special item net charges after tax for the half year
ended 30 June 2019 are expected to be around €2
million. In the prior year, the Group recognised special item
net charges after tax of €81 million.
Accordingly, Mondi advises that it expects earnings per share
(EPS) for the half year ended 30 June 2019 to be within
the ranges shown below:
-
basic underlying EPS (euro cents) 93 to 99 (2018: 89.2), an
increase of between 4% and 11%
-
basic EPS (euro cents) 93 to 99 (2018: 72.5), an increase of
between 28% and 37%
-
basic headline EPS (euro cents) 93 to 99 (2018: 85.1), an
increase of between 9% and 16%
Mondi has disclosed basic underlying EPS, which is defined as
basic EPS excluding the impact of special items, as the directors
believe this provides a useful additional measure of the Group’s
earnings performance that is comparable from year to year. Mondi
has disclosed basic EPS which includes the effect of special items.
The disclosure of basic headline EPS is mandated under the Listings
Requirements of the JSE Limited and has been calculated in
accordance with Circular 4/2018 ‘Headline Earnings’, as issued by
the South African Institute of Chartered Accountants.
The above information has neither been reviewed nor audited by
Mondi’s auditors.
Contact details:
Mondi Group |
|
Clara Valera
Group Head of Strategy and Investor Relations |
+44 193 282 6357 |
Kerry
Cooper
Senior Manager – External Communication |
+44 193
282 6323 |
About Mondi
Mondi is a global leader in packaging and paper, delighting
its customers and consumers with innovative and sustainable
packaging and paper solutions. Mondi is fully integrated across the
packaging and paper value chain - from managing forests and
producing pulp, paper and plastic films, to developing and
manufacturing effective industrial and consumer packaging
solutions. Sustainability is embedded in everything Mondi does. In
2018, Mondi had revenues of €7.48 billion and underlying EBITDA of
€1.76 billion.
Mondi has a dual listed company structure, with a primary
listing on the JSE Limited for Mondi Limited under the ticker MND,
and a premium listing on the London Stock Exchange for Mondi plc,
under the ticker MNDI. Mondi is a FTSE 100 constituent, and has
been included in the FTSE4Good Index Series since 2008 and the
FTSE/JSE Responsible Investment Index Series since 2007.
Sponsor in South Africa: UBS South Africa Proprietary
Limited.