The Mondi Board is recommending a final dividend for 2022 of 15.9p per ordinary share (2021: 15.2p per ordinary share), resulting in a total dividend of 20.6p per ordinary share (2021: 19.5p per ordinary share). The total dividend represents a year-over-year increase of 5.6% and the final dividend will be paid on 19 May 2023 to shareholders on the register on 11 April 2023.
Other financial highlights include:
- Underlying EBITDA of €1,848 million, up 60% (2021: €1,157 million), with underlying EBITDA margin of 20.8% (2021: 16.6%)
- Profit before tax of €1,560 million, up 119% (2021: €712 million)
- Basic underlying earnings per share of 195.6 euro cents, up 78% (2021: 110.1 euro cents per share)
- Cash generated from operations of €1,292 million, up 29% (2021: €1,001 million); strong balance sheet with leverage (net debt to underlying EBITDA) of 0.5 times
- Return on capital employed (ROCE) of 23.7% (2021: 13.9%)
