Mondi FY underlying operating profit up 10% to EUR767m

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The group declared a final dividend of 28.77 euro cents per share.

Underlying earnings per share increased by 13% to 107.3 euro cents per share and the return on capital employed was 17.2%‚ with a strong contribution from all business units.

The packaging paper division continued to deliver very strongly despite a generally weaker pricing environment‚ driven by cost reduction and currency benefits.

The fibre packaging business benefited from lower paper input costs and good volume growth. Consumer Packaging saw a strong improvement in trading in the second half of the year.

Mondi said economic growth was expected to remain below historical averages in the regions in which the group operated.