Mondi expects earnings for 2018 to rise 25%-29%

Image: iStock

The group recognised special item net charges after tax of €53 million the previous year.

Paper and packaging company Mondi said on Friday it expected earnings before interest, taxes, depreciation, and amortisation for the year ended December 31 to be above that of the comparable prior year period of €1.482 billion.

Mondi, which will release its results on February 28, said special item net charges after tax for the year would be around €92 million, of which €81 million was recognised in the first half. The group recognised special item net charges after tax of €53 million the previous year.

Accordingly, Mondi said its basic headline earnings per share would likely range between 182 and 188 euro cents, an increase of 25% to 29% from 2017.

– African News Agency

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