Q1 2022 Mondi PLC Trading Statement Call Transcript

Feb 14, 2024

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May 05, 2022 / 07:00AM GMT
Operator

Good morning. This is the conference operator. Welcome and thank you for joining the to the Mondi plc trading update conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Andrew King, Group CEO. Please go ahead, sir.

Andrew Charles Wallis King - Mondi plc - Group CEO & Executive Director

Thank you very much, and Good morning to everyone, and welcome to this call to discuss Mondi's trading update. I'm Andrew King, our group's CEO; and with me is Mike Powell, our CFO. I'll just spend a couple of minutes summarizing the announcement before we'll obviously welcome to take your questions.

I'm pleased to report that we delivered very strongly in the first quarter of 2022. Demand was good across the business, supported by a broad range of innovative, sustainable packaging paper solutions, product quality and, of course, our clear customer service.

We continued to experience cost pressures, notably in energy, resins, transport, wood and chemicals. However, with the higher average selling

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