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
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 Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE 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 2013,
which will be released on 8 August 2013. It can now be confirmed that the
underlying operating profit for the second quarter of 2013 is expected to be
higher than that of the first quarter (EUR162 million) and that achieved in the
comparable prior year period (EUR150 million). Underlying operating profit for
the half year ended 30 June 2013 is expected to be significantly higher than
that of the comparable prior year period of EUR270 million.
In the six months ended 30 June 2012, the Group recognised a net special item
gain after tax of EUR4 million. The special items charge for the six months
ended 30 June 2013 is around EUR68 million, relating to restructuring
activities and related impairment charges in the Group's Uncoated Fine Paper
operations in Austria (EUR50 million) and in the newsprint operations in South
Africa Division (EUR18 million) as well as the closure of the Lindlar Consumer
Packaging operation in Germany (EUR13 million), with net tax relief of EUR13
million.
Accordingly, Mondi advises that it expects earnings per share (EPS) for the
half 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 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 3/2012 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
David Hathorn +27 11 994 5418
Andrew King +27 11 994 5415
Lora Rossler +27 83 627 0292
FTI Consulting
Richard Mountain/Sophie McMillan +44 20 7269 7186 / +44 20 7909 684 466
Editors' notes:
Mondi is an international packaging and paper Group, with production operations
across 30 countries and revenue of EUR5.8 billion in 2012. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2012, Mondi Group employed 25,700 people.
Mondi Group is fully integrated across the paper and packaging process, from
the growing of wood and the manufacture of pulp and paper (packaging paper and
uncoated fine paper), to the conversion of packaging paper into corrugated
packaging, industrial bags, extrusion coatings and release liner. Mondi is also
a supplier of innovative consumer packaging solutions, advanced films and
hygiene products components.
Mondi Group 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. The
Group has been recognised for its sustainability through its inclusion in the
FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's
Socially Responsible Investment (SRI) Index since 2007. The Group was also
included in the Carbon Disclosure Project's (CDP) FTSE350 Carbon Disclosure
Leadership Index for the third year and in CDP's FTSE350 Carbon Performance
Leadership Index for the first time in 2012.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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