Mondi - H1 results ahead of forecast; resumption of dividends points to more positive outlook

Davy Research
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Mondi Group’s better-than-expected H1 results provide further evidence of the resilience of the consumer sector during the pandemic. This, combined with better cost and cash management, has helped to maintain the company’s financial strength. More significantly, however, its decision to resume dividend payments, like Smurfit Kappa Group last week, reflects a management and Board more comfortable with the outlook.