Mondi plc (MNDI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for joining us, Mondi, a leader in sustainable packaging and paper solutions with results for the six months ended 30th June 2025, presented by Andrew King and Mike Powell. There will be time for Q&A. At the end of the presentation, we'd ask you to use the raise hand function, and you'll be invited to unmute and put your question live. And our handover to host today, Andrew King. Andrew, over to you, please. Andrew, over to you, please. Good morning all and welcome to Mondi's results presentation. I'm Andrew King, your group CEO, and I'm joined by Mike Powell, our CFO. I'll be providing some highlights before I pass on to Mike for an overview of the financial performance. I'll then finish with a progress update on some of the important strategic initiatives we are taking to drive sustainable value creation. After that, Mike and I look forward to taking your questions. In summary, I think we believe we delivered a solid performance in the period in what are and will continue to be, in our view, challenging market conditions. Ongoing geopolitical and macroeconomic uncertainties continue to undermine consumer confidence and business confidence, impact trade flows and affect relative competitiveness. In this context, it was pleasing to see that we could achieve volume gains in key categories supported by our recent investment program and some modest price gains in our packaging paper grades over the course of the first half. Our focus on margin management, cost containment and productivity gains helped mitigate ongoing labour cost pressures and currency headwinds, largely related to US dollar weakness. Pleasingly, cash generation was strong, a reflection of the inherent resilience of the business and our focus on tight cash flow management. We wil...