| Fri 8 Feb 2008, 9:00 | | MND / MNP - Mondi - Trading Statement |
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MND MNP
MND MNP
MND / MNP - Mondi - Trading Statement
8 February 2008
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND & ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP & ISIN: GB00B1CRLC47
Mondi Group: Trading Statement
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together `Mondi Group`) notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings Requirements
and/or the Disclosure and Transparency and Listing Rules of the United Kingdom
Listing Authority.
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.
Mondi is currently finalising its results for the year ended 31st December 2007
which will be released on 28 February 2008. As announced in our "Interim
Management Statement" released on 14 November 2007, Mondi`s performance in 2007
continued to improve reflecting our favourable product mix, emerging market
exposure and competitive cost position.
Accordingly, Mondi advises that it expects earnings per share to be within the
ranges shown below:
Underlying earnings per share (euro cents per share) 44-48 (2006 proforma 27.0)
Headline earnings per share (euro cents per share) 36-40 (2006 proforma 28.2)
Mondi has disclosed underlying EPS, which is defined as basic earnings per share
excluding the impact of special items, as the directors believe this provides a
useful additional measure of the group`s underlying performance. The disclosure
of Headline EPS is required under the Listings Requirements of the JSE Limited
and has been calculated in accordance with Circular 8/2007 as issued by the
South African Institute of Chartered Accountants.
In addition, basic earnings per share are expected to be within a range of 45 to
54 euro cents per share (2006 proforma of 15.2 euro cents per share).
The above information has neither been reviewed nor audited by Mondi`s auditors.
Contact details:
Mondi Group
Paul Hollingworth +44 (0) 1932 826 326
About Mondi
Mondi is an integrated paper and packaging group founded in South Africa in
1967. In 2006 it had revenues of Euro5.751 billion. Its key operations and
interests are in Western Europe, Emerging Europe and South Africa. Mondi is
principally involved in the manufacture of packaging paper, converted packaging
products (including corrugated packaging, bags and flexible packaging) and
office paper.
Mondi is integrated across the paper and packaging production process from the
growing of wood for pulp production and the manufacture of pulp and paper to the
conversion of packaging papers into corrugated packaging and industrial bags.
It also has a growing flexibles business focused on the production of release
liner, extrusion coating and consumer flexibles products. Mondi has production
operations in 112 locations across 34 countries and averaged approximately
34,000 employees in 2006.
Date: 08/02/2008 09:00:04 Produced by the JSE SENS Department.
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