Q1 2024 Mondi PLC Trading Statement Call Transcript
Good morning or good afternoon all, and welcome to the Mondi Q1 Trading Update. My name is Adam, and I'll be your operator for today. (Operator Instructions)
I'll now hand the floor over to Andrew King to begin. So Andrew, please go ahead when you are ready.
Good morning, and welcome to Mondi's sales quarter results. I'm Andrew King, Group CEO; and I'm joined by Mike Powell, our CFO. I'm sure you all have read our statements. I'm only going to make a few comments before we can move on to questions.
I'm pleased to report that the market conditions did improve through the first quarter with stronger order books leading to higher sales volumes. While costs were broadly stable when compared to the fourth quarter of last year, as we did indicate in February, selling prices were generally lower than the averages achieved in the second half of 2023. This resulted in underlying EBITDA in the first quarter in line with our expectations at EUR 214 million after a one-off effect
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