https://newsletter-en.creamermedia.com
Mondi|Iran|Italy|Duino Mill|Packaging|Paper|Middle East
||||
mondi|iran|italy|duino-mill|packaging|paper|middle-east

Mondi first-half profit slumps 70% as Iran war squeezes margins

30th July 2026

By: Reuters

  

Font size: - +

Paper and packaging group Mondi reported a 70% decline in first-half underlying pre-tax profit on Thursday as margins were hit by disruptions linked to the Iran war, and booked €320-million ($366.2-million) in charges on its mills.

The packaging industry has faced a difficult operating environment over the past year, with weak demand across key segments and higher energy, raw material and shipping costs due to the prolonged Middle East conflict pressured profitability.

Mondi's underlying pre-tax profit fell sharply to €80-million ($91.6-million) in the six months ended June 30, from €272-million a year earlier, while the earnings before interest, taxes, depreciation and amortisation margin narrowed to 9.5% from 14.4% a year earlier.

The company, which operates across Europe, North America and Africa, said it took a €206-million impairment charge at its Duino recycled containerboard mill in Italy, whose performance was hit by overcapacity, trade barriers on key export markets, and higher energy costs.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Mitsubishi Chemical Group
Mitsubishi Chemical Group

Mitsubishi Chemical Advanced Materials South Africa (Pty) Ltd is a leading manufacturer of high-performance engineering plastics for the mining...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

TSAM commemorates production of new Hilux
TSAM commemorates production of new Hilux
12th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 3.336s - 128pq - 2rq
Subscribe Now