The Mondi PLC Board aims to offer shareholders long-term ordinary dividend growth within a targeted dividend cover range of two to three times on average over the cycle.
An interim dividend of 20.0 euro cents per share has been declared by the directors and will be paid on Thursday 30 September 2021 to those shareholders on the register of Mondi plc on Friday 27 August 2021. The dividend will be paid from distributable reserves.
Other financial highlights include:
- Higher sales volumes, higher average selling prices and effective cost control
- Underlying EBITDA of €709 million, with margin of 19.5%
- Cash generated from operations of €552 million
- Balance sheet at 1.5x net debt to underlying EBITDA