Mondi announce an interim dividend of 23.33 euro cents per share has been declared (H1 2022: 21.67 euro cents per share). The Group has a strong financial position and strong cash generation providing the opportunity to pursue both organic and inorganic growth projects alongside the payment of an ordinary dividend.
Other financial highlights include:
◦ Underlying EBITDA of €680 million, down 28% (H1 2022: €942 million)
◦ Basic underlying earnings per share (EPS) of 67.0 euro cents, down 32% (H1 2022: 98.7 euro cents)
◦ Improved cash generated from operations of €554 million (H1 2022: €519 million)
◦ Robust balance sheet at 0.8 times net debt to underlying EBITDA (31 December 2022: 0.5 times)
◦ Return on capital employed (ROCE) of 19.1% (31 December 2022: 23.7%)
