May 04, 2023 / 07:00AM GMT
Operator
Good morning. This is the conference operator. Welcome, and thank you for joining the Mondi First Quarter Update Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Andrew King, Chief Executive Officer. Please go ahead, sir.
Andrew Charles Wallis King - Mondi plc - Group CEO & Executive Director
Good morning, everyone, and thank you for joining the call to discuss today's trading update. As mentioned, I'm Andrew King, your Group CEO; and with me is Mike Powell, our CFO.
I'm sure you'll all have seen the announcement this morning. So I'll just pick up on a few points before going into questions. As you would have seen against the backdrop of softer markets, both in terms of volumes and pricing. As expected, we are pleased to report a stable performance in the first quarter of the year. Underlying EBITDA of EUR 351 million is in line with the fourth quarter of last year when you exclude the unusually high fair value gain that we booked in the final quarter of 2022.
The business was generally
Q1 2023 Mondi PLC Trading Statement Call Transcript
May 04, 2023
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