Mondi Reports Loss for First Half of 2026 Amid Impairment Charges
Mondi reported a net loss of €255 million in the first half of 2026, reversing from a profit of €63 million during the same period last year. The decline was driven by asset impairment charges, lower average selling prices, and rising input costs such as energy and wood. Operating losses also widened to €178 million compared with an operating profit of €303 million in H1 2025. Revenue increased slightly to €3.98 billion from €3.91 billion due to contributions from acquired Schumacher plants, but underlying EBITDA dropped significantly to €379 million from €564 million a year earlier. The corrugated packaging segment saw its margin fall sharply to 7.5%, while flexible packaging maintained resilience with an EBITDA of €251 million and a margin of 12.4%. Mondi also recorded a pre-tax special item charge of €320 million linked to impairments and restructuring, which had a cash impact of €24 million. The company reduced its full-year capital expenditure forecast from €550 million to about €500 million.
Topics: corrugated packaging EBITDA decline impairments loss revenue growth