Mayr-Melnhof Karton (MMK) embarked on another year on a firm note as it reported strong Q1 16 results. Sales were up 7.9% yoy to €576m, primarily due to the Ileos acquisition (completed in October 2015) – resulting in 13% higher sales in ‘MM Packaging’. While scheduled stoppages translated into lower utilisation (97% vs. 99% in Q1 15) and, hence, muted growth (1.7%) in ‘MM Karton’. Sequentially though, sales were up only 2.2%, reflecting a precarious global
20 May 2016
Q1 strong (as expected); cautious full-year outlook
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Q1 strong (as expected); cautious full-year outlook
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
20 May 2016 -
Author:
Varun Sikka -
Pages:
2
Mayr-Melnhof Karton (MMK) embarked on another year on a firm note as it reported strong Q1 16 results. Sales were up 7.9% yoy to €576m, primarily due to the Ileos acquisition (completed in October 2015) – resulting in 13% higher sales in ‘MM Packaging’. While scheduled stoppages translated into lower utilisation (97% vs. 99% in Q1 15) and, hence, muted growth (1.7%) in ‘MM Karton’. Sequentially though, sales were up only 2.2%, reflecting a precarious global