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March : Mondi Group full year results 2020

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9 March, 2021

Mondi Group full year results 2020

2020 full-year highlights

  • Mondi has once again delivered a robust financial performance with excellent cash generation
  • Underlying EBITDA of €1,353 million, with margin of 20.3% and ROCE of 15.2%, reflects the strength of its business model
    • Mondi finished the year positively, with strong demand in the packaging businesses supported by the long-term growth drivers of sustainability and e-commerce.
  • Sustainable packaging continues to be a long-term priority for its customers and wider society. Mondi is uniquely positioned as a manufacturer of paper and flexible plastic packaging to help customers transition to more sustainable packaging - ‘paper where possible, plastic when useful'.
  • Mondi is investing through-the-cycle with capital investment projects that are delivering growth, enhancing cost competitiveness and providing sustainability benefits.
  • Given its strong financial position and confidence in the future of the business, the Board has recommended a final 2020 dividend of 41 euro cents per share. Together with the interim dividend, this amounts to a total dividend for the year of 60 euro cents per share, up 5% on the prior year. 

CEO Quote:

Andrew King, Group CEO commented: "Mondi delivered a robust performance in 2020. Sustainable packaging continues to be a long-term priority for our customers and wider society. As a leading producer of both paper and flexible plastic-based packaging, we continue to support our customers' environmental goals with packaging that is sustainable by design adhering to our principle of paper where possible, plastic when useful. We remain confident in the structural growth drivers in the packaging sectors in which we operate and the strength of our paper position. The Group remains well-placed to deliver sustainably into the future."


  • Mondi has been making sustainable packaging solutions for customers for over 50 years, and is a leading global packaging and paper manufacturer, including the biggest producer of kraft paper - a key substitute for plastic bags.
    • The drive to replace plastic carrier bags with paper-based alternatives and consumer preferences for fibre based primary packaging is supporting good demand across Mondi's range of speciality kraft papers.
  • Mondi operates 100 sites in over 30 countries across Europe, Russia, North America and Africa, and employs 26,000 people.
  • In 2020, Mondi was recognised by CDP (Carbon Disclosure Project) as one of only 10 companies worldwide with a ‘Triple A' score on their environmental performance related to climate, forests and water security.
  • Mondi recently announced their 10 year sustainability roadmap to 2030 - MAP2030 - which focuses on circular-driven packaging and paper solutions, through their empowered people to take action on climate change
  • This week, Mondi announced a three-year strategic partnership to support the United Nations World Food Programme's (WFP's) efforts to save and change lives around the globe. The collaboration will see Mondi make a US$1 million in-kind and financial contribution to help WFP improve how it delivers nutritious food over a complex humanitarian supply chain, with an aim to reduce food waste and mitigate the impact of packaging on the environment.
  • Mondi is committed to reducing its own greenhouse gas emissions in line with science-based targets, maintaining zero deforestation in their wood supply, continuing to source wood sustainably from healthy and resilient forests and safeguarding biodiversity and water resources.
  • They are co-founders of the Circular Economy for Flexible Packaging (CEFLEX) and signatory of Ellen MacArthur Foundation (EMF)'s, New Plastics Economy Global Commitment - committing to 100% of plastic-based packaging being reusable, recyclable or compostable and 25% being from recycled content by 2025 (food regulations permitting)

Download full report HERE
Source: Mondi