Half Year 2023 Mondi PLC Earnings Call Transcript

Feb 14, 2024

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Aug 03, 2023 / 08:00AM GMT
Operator

Good morning, and welcome to the Mondi Half Year 2023 Results Presentation. (Operator Instructions) I must advise that this conference is being recorded today. Our presenters this morning are Mondi Group CFO, Mike Powell; and firstly, Mondi Group's CEO, Andrew King.

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

Good morning all from my side. I'm Andrew King, your Group CEO, and I'm joined here by Mike Powell, our CFO. I'll provide some highlights before passing on to Mike for an overview of our financial performance. I'll then give you an update on the performance of each of our business units before wrapping up with an update on some of our key strategic initiatives. After that, Mike and I look forward to taking your questions.

I'm pleased to report that we delivered a strong performance against a backdrop of what were very challenging trading conditions. Macroeconomic factors have resulted in a slowdown in demand, in turn, pressurizing margins and profitability relative to the very high levels achieved in 2022. While

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