Mondi Full Year 2023 Earnings: Misses Expectations

Mondi (LON:MNDI) Full Year 2023 Results

Key Financial Results

• Revenue: €7.33b (down 18% from FY 2022).
• Net income: €502.0m (down 58% from FY 2022).
• Profit margin: 6.8% (down from 13% in FY 2022).
• EPS: €1.14 (down from €2.69 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mondi Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 133%.

The primary driver behind last 12 months revenue was the Flexible Packaging segment contributing a total revenue of €3.87b (53% of total revenue). Notably, cost of sales worth €4.59b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €1.47b (66% of total expenses). Explore how MNDI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Mondi that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.