Mondi Group releases 3Q 2012 report
Mondi Group announces that underlying operating profit for the third quarter ended 30 September 2012 was EUR 135 million (year-to-date EUR 405 million, 2011 EUR 490 million) in line with that of the comparable prior year period (Q3 2011 EUR 136 million) and below that of the prior quarter (Q2 2012 EUR 150 million). This was in line with expectations and reflects a stable trading environment considering the impact of the traditionally weaker European summer months, annual maintenance shuts at a number of the Group's larger operating sites during the quarter and ongoing strong cost containment. Sales volumes were, on average, similar to those achieved in the previous quarter but above those of the comparable prior year period, although demand in the downstream converting operations was below that of the prior year.
