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Mondi expecting higher 2013 HEPS, operating profit

19th February 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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Dual-listed Mondi on Wednesday announced that it expected headline earnings a share for the year ended December 31 of between €0.88 and €0.93 as opposed to €0.629 during the prior year.

Basic earnings a share were expected to be higher at between €0.77 and €0.82, with underlying operating profit also expected to be above the €574-million achieved in 2012.

In 2012, Mondi recognised a net special item charge after tax of €92-million. The company said the equivalent special item charge for the year ended December was expected to be around €74-million, of which €68-million had been recognised in the first half of the year.

Mondi would release its results for 2013 on February 28.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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