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Uncoated woodfree insights (Mondi) Key Message: Group adjusted EBITDA declined -20% YoY (-17% QoQ), with the largest earnings drag coming from Europe, where operations reported a second consecutive quarter of negative EBITDA. The weakness was primarily driven by lower...

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European containerboard & Corrugated (Mondi); European Pulp & Wood (Mondi & Sappi) Key message: Stora Enso’s results reinforce a mixed near-term outlook for Mondi: structurally supportive packaging fundamentals but continued cyclical pressure in Europe....