25 July 2008
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
Mondi Group: Trading Statement
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') must notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom 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 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 2008
which will be released on 30 July 2008. Whilst underlying and headline earnings
per share have increased for the period, they will not differ by at least 20%
from those of the previous corresponding period. Basic earnings per share will
differ by at least 20% because the first half of 2007 included a €48m profit
after tax on special items (mainly profit on disposals) whereas 2008 first half
results will include a charge for special items mainly relating to the
previously announced closure of the Uncoated Fine Paper mill in Hungary.
Accordingly, Mondi advises that it expects basic earnings per share to be
within the ranges shown below:
Basic earnings per share (euro cents per share) 16-19 (2007 proforma 31.9)
As announced in Mondi's "Interim Management Statement" released on 7 May 2008,
since the year end the Group's underlying operating profit has come in ahead of
the comparable period for the prior year helped by a strong performance from
the Europe & International Division and, in particular, the Bags & Specialities
business unit where good price increases were secured in kraft paper and the
related downstream converting operations.
The above information has neither been reviewed nor audited by Mondi's
auditors.
Contact details:
Mondi Group
Paul Hollingworth +44 (0) 1932 826 326
About Mondi
Mondi is an international paper and packaging group and in 2007 had revenues of
€ 6.3 billion. Its key operations and interests are in western Europe, emerging
Europe, Russia and South Africa.
The Group is principally involved in the manufacture of packaging paper and
converted packaging products; uncoated fine paper; and speciality products and
processes, including coating, release liner and consumer flexibles.
Mondi is fully integrated across the paper and packaging process, the growing
of wood and manufacture of pulp and paper (including recycled paper ) to the
converting of packaging papers into corrugated packaging and industrial bags.
Mondi has production operations across 35 countries and had an average of
35,000 employees in 2007 .
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