Q3 2022 Mondi PLC Trading Statement Call Transcript

Feb 14, 2024

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Oct 14, 2022 / 07:00AM GMT
Operator

Good day, and thank you for standing by. Welcome to Mondi Third Quarter 2022 Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Andrew King, Group CEO. Please go ahead.

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

Good morning, everyone, and thank you for joining the call this morning to discuss our trading update. I'm Andrew King, your Group CEO. And with me is Mike Powell, Group CFO.

I'll start with a brief summary of this morning's announcements before we will take any of your questions.

I'm pleased to report that we delivered a very strong performance in Q3, with underlying EBITDA from continuing operations at EUR 450 million, up 55% compared to the prior year period. This was on the back of higher average selling prices and overall volume growth more than offset by the significant cost pressures. We're able to mitigate the impact of the significantly higher European

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