Mondi plc (MNDI) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.817 Hello everyone and welcome to this MomD half-year results for 2026. 00:00:05.817 -- 00:00:11.222 Captions are enabled on Zoom, however these are automatic and can sometimes contain 00:00:11.222 -- 00:00:12.763 errors. 00:00:12.763 -- 00:00:17.708 If you would like to ask a question as part of our Q&A later, you can use the raised 00:00:17.708 -- 00:00:22.372 hand function and we will invite you through to ask your question in person. 00:00:22.372 -- 00:00:26.675 I will now hand over to Andrew King, CEO. 00:00:27.355 -- 00:00:32.645 Good morning, everyone, and welcome to Monday's 2026 half year results presentation. 00:00:32.645 -- 00:00:38.597 I'm Andrew King, your group CEO, and I'm joined this morning by our CFO, Mike Powell. 00:00:38.597 -- 00:00:42.299 I'll begin with some key messages from the period under review and then Mike will take 00:00:42.299 -- 00:00:45.600 you through the financial performance in more detail. 00:00:45.600 -- 00:00:50.222 I'll return to provide an update on the performance of our business units and discuss 00:00:50.222 -- 00:00:54.484 some of the current market dynamics before taking you through various of the actions 00:00:54.484 -- 00:00:56.064 we are 00:00:56.064 -- 00:01:01.266 taking to strengthen our competitive advantage in what remains a volatile market 00:01:01.266 -- 00:01:06.628 backdrop. After that, Mike and I look forward to taking your questions. 00:01:08.043 -- 00:01:13.769 In the first half of 2026 we delivered underlying EBITDA of 379 million euros 00:01:13.769 -- 00:01:19.294 down on the prior year due mainly to margin pressure from lower average selling prices 00:01:19.294 -- 00:01:21.596 and higher input costs. 00:01:21.596 -- 00:01:26.761 We were able to partially mitigate these pr...