Mondi anticipates higher earnings in first half results

Mondi Group updated the market on its earnings expectations for the six months ended 30 June on Tuesday morning, ahead of the release of its results for the half-year on 4 August.

The FTSE 100 firm said it anticipates basic underlying earnings per share of 73 to 77 euro cents, up from 67.8 cents a year ago, and basic earnings per share of the same 73 to 77 cent range, well up from 60.3 cents last year.

Mondi said basic headline earnings per share should also fall within the same range, compared with 60.1 cents in the comparative period.

The company also confirmed that underlying operating profit for the period would be above that of the same period last year, when it was €490m.