Q1 2019 Mondi Ltd Trading Statement Call Transcript

May 09, 2019 / 06:30AM GMT
Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Mondi Trading Update Call. (Operator Instructions) I must advise you that this conference is being recorded today, 9th of May 2019.

I would now like to hand the conference over to your speaker today, Peter Oswald. Please go ahead.

Peter Josef Oswald - Mondi plc - CEO & Executive Director

Good morning from London. I am Peter Oswald, Chief Executive of Mondi and I am joined by Andrew King, our Chief Financial Officer, who is dialing in from Joburg where he's attending today's AGM. Thank you for joining this conference call. I guess you're all in a good mood after Spurs and (inaudible) and we hope that goes over to the stock market. I will briefly summarize this morning's announcement, and then we will both be happy to take your questions.

Mondi delivered another strong performance in the first quarter. Our underlying EBITDA was EUR 471 million, 16% above the comparable prior year period. And this result was driven by a combination of higher selling prices,

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