Oct 19, 2023 / 08:00AM GMT
Operator
Good morning. This is the conference operator. Welcome and thank you for joining Mondi's Third Quarter 2023 Trading Update Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Andrew King, CEO of Mondi Group. Please go ahead, sir.
Andrew Charles Wallis King - Mondi plc - Group CEO & Executive Director
Good morning, everyone. It's Andrew King, Group CEO. And with me is Mike Powell, our CFO. I'm sure you've all read today's announcement. So I'm just going to pick up a few points before we go into questions. The weak macroeconomic environment continued through the third quarter resulting in a continuation of the challenging market conditions we've seen throughout the year. Market demand has generally remained subdued with lower averaging selling prices largely mitigated in the third quarter by lower input costs and tight fixed cost control. You will have seen that the forestry fair value gain was EUR 14 million in the quarter, significantly lower than the EUR 72 million recorded in the second quarter of
Q3 2023 Mondi PLC Trading Statement Call Transcript
Oct 19, 2023
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