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
19 February 2014
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 Limited 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 year ended 31 December 2013
which will be released on 28 February 2014. As indicated in Mondi's Interim
Management Statement released on 6 November 2013, the Group's underlying
operating profit for the first nine months of 2013 of EUR538 million was above
that of the comparable prior year period of EUR410 million. It can now be
confirmed that underlying operating profit for the year ended 31 December 2013
is expected to be above that achieved in 2012 (EUR574 million).
Furthermore, in the prior year, the Group recognised a net special item charge
after tax of EUR92 million. The equivalent special item charge for the year
ended 31 December 2013 is expected to be around EUR74 million, of which EUR68
million was recognised in the first half.
Accordingly, Mondi advises that it expects earnings per share (EPS) for the
year ended 31 December 2013 to be within the ranges shown below:
* basic earnings per share (euro cents) 77-82 (2012 50.1)
* basic headline earnings per share (euro cents) 88-93 (2012 62.9)
* basic underlying earnings per share (euro cents) 92-97 (2012 69.2)
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 2/2013 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, the Americas and South Africa
and as at the end of 2012, Mondi employed 25,700 people.
Mondi Group is fully integrated across the packaging and paper value chain,
from the growing of wood and the production 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) Carbon Disclosure Leadership
Index for the third year and in CDP's Carbon Performance Leadership Index
(CPLI) for the first time in 2012.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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