30th Jul 2013 07:00
MONDI PLC - Trading StatementMONDI PLC - Trading Statement
PR Newswire
London, July 29
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: GB00B1CRLC47LSE share code: MNDI 30 July 2013 Mondi Group: Trading Statement As part of the dual listed company structure, Mondi Limited and Mondi plc(together 'Mondi Group') notify both the JSE Limited and the London StockExchange of matters required to be disclosed under the Listings Requirements ofthe JSE and/or the Disclosure and Transparency and Listing Rules of the UnitedKingdom Listing Authority. 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 becomereasonably certain that the financial results for the period to be reported onnext will differ by at least 20% from those of the previous correspondingperiod. Mondi is currently finalising its results for the half year ended 30 June 2013,which will be released on 8 August 2013. It can now be confirmed that theunderlying operating profit for the second quarter of 2013 is expected to behigher than that of the first quarter (EUR162 million) and that achieved in thecomparable prior year period (EUR150 million). Underlying operating profit forthe half year ended 30 June 2013 is expected to be significantly higher thanthat of the comparable prior year period of EUR270 million. In the six months ended 30 June 2012, the Group recognised a net special itemgain after tax of EUR4 million. The special items charge for the six monthsended 30 June 2013 is around EUR68 million, relating to restructuringactivities and related impairment charges in the Group's Uncoated Fine Paperoperations in Austria (EUR50 million) and in the newsprint operations in SouthAfrica Division (EUR18 million) as well as the closure of the Lindlar ConsumerPackaging operation in Germany (EUR13 million), with net tax relief of EUR13million. Accordingly, Mondi advises that it expects earnings per share (EPS) for thehalf year ended 30 June 2013 to be within the ranges shown below: * basic underlying EPS (euro cents) 46 to 51 (2012 30.9) * basic EPS (euro cents) 32 to 37 (2012 31.7) * basic headline EPS (euro cents) 43 to 48 (2012 30.9) Mondi has disclosed basic underlying EPS, which is defined as basic EPSexcluding the impact of special items, as the directors believe this provides auseful additional measure of the Group's underlying performance. Mondi hasdisclosed basic EPS which includes the effect of special items. The disclosureof basic headline EPS is required under the Listings Requirements of the JSELimited and has been calculated in accordance with Circular 3/2012 as issued bythe South African Institute of Chartered Accountants. The above information has neither been reviewed nor audited by Mondi'sauditors. End Contact details: Mondi GroupDavid Hathorn +27 11 994 5418Andrew King +27 11 994 5415Lora Rossler +27 83 627 0292 FTI ConsultingRichard Mountain/Sophie McMillan +44 20 7269 7186 / +44 20 7909 684 466 Editors' notes: Mondi is an international packaging and paper Group, with production operationsacross 30 countries and revenue of EUR5.8 billion in 2012. The Group's keyoperations are located in central Europe, Russia and South Africa and as at theend of 2012, Mondi Group employed 25,700 people. Mondi Group is fully integrated across the paper and packaging process, fromthe growing of wood and the manufacture of pulp and paper (packaging paper anduncoated fine paper), to the conversion of packaging paper into corrugatedpackaging, industrial bags, extrusion coatings and release liner. Mondi is alsoa supplier of innovative consumer packaging solutions, advanced films andhygiene products components. Mondi Group has a dual listed company structure, with a primary listing on theJSE Limited for Mondi Limited under the ticker code MND and a premium listingon the London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup has been recognised for its sustainability through its inclusion in theFTSE4Good Global, European and UK Index Series (since 2008) and the JSE'sSocially Responsible Investment (SRI) Index since 2007. The Group was alsoincluded in the Carbon Disclosure Project's (CDP) FTSE350 Carbon DisclosureLeadership Index for the third year and in CDP's FTSE350 Carbon PerformanceLeadership Index for the first time in 2012.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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