mondi plc said friday that thirdquarter underlying ebitda rose 55 and the despite expecting inflation to hit the fourth quarter it sees a year of good progress the ftse 100 paperandpackaging company said that for the quarter ended sept 30 underlying earnings before interest tax depreciation and amortizationthe companys preferred metric which strips out exceptional and other oneoff itemscame to 450 million euros 4401 million compared with a restated eur290 million for the third quarter of 2021 higher average selling prices and overall volume growth morethan offset significant cost pressures the company said mondi said input costs were significantly higher in the quarter both on year and sequentially due to higher wood and energy costs though it was able to mitigate the effect through internal energy generation and looks to manage inflationary pressure through further costcontrol initiatives the corrugated packaging unit benefited from higher average selling prices onyear while flexible packaging performed well with resilient demand in the period while significant geopolitical and macroeconomic uncertainties remain and we anticipate continued inflationary pressures on our cost base as we enter the fourth quarter we are confident that the group will continue to demonstrate its resilience and deliver a year of good progress mondi said