Mondi has reported an underlying EBITDA of €223 million for the third quarter of 2025, reflecting ongoing pressure from weak demand and declining paper prices across most grades.
The company noted that volumes were subdued throughout the period, with maintenance shutdowns extended to balance production with market conditions. EBITDA was lower than in the previous quarter, particularly in the Corrugated and Flexible Packaging divisions, while Uncoated Fine Paper was hit hardest by falling sales and prices.
CEO Andrew King described the trading environment as “challenging,” but emphasized the group’s focus on margin management, cost control, and cash generation to protect value and prepare for recovery.
Mondi also confirmed progress on integrating its recent Schumacher acquisition, raising expected cost synergies to €32 million over three years. The group’s reorganization into two business units—Corrugated Packaging and Flexible Packaging—took effect on October 1 to streamline operations and accelerate decision-making.
Following the completion of its recent investment cycle, Mondi is prioritizing operational ramp-up and financial returns. However, the company has decided to delay a proposed sack kraft paper machine project in Hinton, Canada, citing current market conditions while keeping the option to proceed later.
Despite near-term headwinds, Mondi maintains confidence in the long-term growth potential of sustainable packaging markets, supported by its integrated, cost-competitive production base.
Mondi is an international group active in the packaging and paper industry. The company operates across more than 30 countries, employing about 20,000 people. Its activities cover the full value chain, from forestry and pulp production to paper manufacturing and packaging conversion. Mondi’s operations focus on materials and solutions used in industrial and consumer applications. The group’s shares are listed on the London and Johannesburg stock exchanges.