Mondi increases 2013 full year dividend by 29%

DividendMax Ltd.

Mondi increases 2013 full year dividend by 29%
Full year results for the year ended 31 December 2013

Highlights

  * Record financial performance

  *
      + Underlying operating profit of €699 million, up 22%

      + Underlying earnings of 95 euro cents per share, up 37%

      + ROCE of 15.3%, up 170 basis points

  * 2012 packaging acquisitions integrated and synergies on track

  * Strategic capital investments on track, with a number of projects completed

  * Strong de-leveraging with net debt down by €251 million to €1,621 million

  *
      + Cash generated from operations exceeded €1 billion for the first time

  * Total dividend proposed of 36 euro cents per share, up 29%

Euro / pound exchange rate for the dividend will be the 6th May 2013

Companies mentioned