Mondi’s interim profit falls 21%
Mondi Group posted a 21 percent decrease in its first-half earnings it said in results released yesterday. However, executives remain optimistic as they expected continued “robust cash generation” and a positive performance in emerging markets, which had outperformed its western Europe operations, the firm said in its results presentation for the six months to June. [...]
Telling and selling are merging
Shopper marketers got it wrong when they claimed 70% of purchase decisions were made in store. It’s actually 76%, says new US research by Point of Purchase Advertising International (POPAI). Half a decade ago when POPAI first quoted the 70% number it created a furore. There may be less fuss this time around. Telling and [...]
Mondi buys 93% of Nordenia
Johannesburg – Mondi [JSE:MND] plans to buy 93.4% of German packaging firm Nordenia International, it said on Wednesday, in a $782m deal that bolsters the paper maker’s consumer packaging business. Under the deal, Mondi will pay €240m in cash and take on Nordenia’s €398m debt, valuing the whole company at €655m. Nordenia supplies consumer packaging [...]
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