22 Feb 2024 --- Mondi has released its full-year results for 2023, with the paper and packaging giant reporting reduced profits due to lower prices and weaker demand. However, cash generation improved on the prior year, bringing the company increased flexibility to meet future demand, especially within sustainable packaging. The group’s underlying EBITDA was down to €1,201 million (US$1,300 million) versus €1,848 million (US$2,010 million), with a margin of 16.4% (2022: 20.8%). Its revenue also dropped to €7,330 million (US$7,920 million) versus €8,902 million (US$9,660 million) in 2022.
