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MONDI LIMITED - Trading statement

Release Date: 26/07/2016 08:00
Code(s): MND MNP     PDF:  
Wrap Text
Trading statement

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)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together
'Mondi Group') 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 and Listing Rules of the United Kingdom
Listing Authority.

26 July 2016

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 2016, which will
be released on 4 August 2016. It can now be confirmed that underlying operating profit
for the half year ended 30 June 2016 is expected to be above that of the comparable
prior year period of EUR490 million.

There have been no special items in the six months ended 30 June 2016. In the six
months ended 30 June 2015, the Group recognised a net special item charge after tax
of EUR36 million.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year
ended 30 June 2016 to be within the ranges shown below:

-   basic underlying EPS (euro cents) 73 to 77 (2015: 67.8), an increase of between
    8% and 14%
-   basic EPS (euro cents) 73 to 77 (2015: 60.3), an increase of between 21% and
    28%
-   basic headline EPS (euro cents) 73 to 77 (2015: 60.1), an increase of between
    21% and 28%
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 underlying performance. Mondi has disclosed basic EPS
which includes the effect of special items. The disclosure of basic headline EPS is
required under the Listings Requirements of the JSE Limited and has been calculated
in accordance with Circular 2/2015 as issued by the South African Institute of
Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi’s auditors.
End


Contact details:
Mondi Group

Andrew King                                           +27 11 994 5415

Lora Rossler                                          +27 83 627 0292

FTI Consulting

Richard Mountain                                      +44 7909 684 466

Roger Newby                                           +44 20 3727 1385

Editors’ notes

We are Mondi: In touch every day

Mondi is an international packaging and paper Group, employing around 25,000 people
across more than 30 countries. Our key operations are located in central Europe, Russia,
North America and South Africa. We offer over 100 packaging and paper products, customised
into more than 100,000 different solutions for customers, end consumers and industrial end
uses - touching the lives of millions of people every day. In 2015, Mondi had revenues of
EUR6.8 billion and a return on capital employed of 20.5%.

The Mondi Group is fully integrated across the packaging and paper value chain - from
managing forests and producing pulp, paper and compound plastics, to developing effective
and innovative industrial and consumer packaging solutions. Our innovative technologies and
products can be found in a variety of applications including hygiene components, stand-up
pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers
are in industries such as automotive; building and construction; chemicals; food and beverage;
home and personal care; medical and pharmaceutical; packaging and paper converting; pet
care; and office and professional printing.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi
Limited under the ticker code MND and a premium listing on the London Stock Exchange for
Mondi plc, under the ticker code MNDI.

For us, acting sustainably makes good business sense and is part of the way we work every
day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's
Socially Responsible Investment (SRI) Index since 2007.

Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 26/07/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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