Mondi flags rising profit as Covid-19 drives e-commerce demand

Mondi, the world’s largest producer of kraft paper, says it continues to reap the benefits of strong demand for e-commerce packaging, with price increases for major products helping it cut debt and improve core profit during its first quarter to end-March.

The paper and packaging group has not been immune to the disruptive effects of Covid-19, but the pandemic has driven demand for e-commerce packaging and turned customers towards stable, local suppliers...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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