Despite the brewing economic uncertainty in Europe (and the UK), Mayr-Melnhof Karton (MMK) reported a healthy Q2 16 performance. Sales were up 5.7% yoy to €566m, though mostly driven by the acquisition-related higher volumes (+8.5%) in MM Packaging. Sequentially, sales were down 1.7% as overall packaging markets remained competitive. Still, the group managed to sustain its profit momentum, with adjusted EBIT coming in at €56m (+14%; +0.7% qoq). MM Packaging was a key contributor (ad
22 Aug 2016
Given the (growing) market uncertainties, the Q2 results were good
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Given the (growing) market uncertainties, the Q2 results were good
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
22 Aug 2016 -
Author:
Varun Sikka -
Pages:
3
Despite the brewing economic uncertainty in Europe (and the UK), Mayr-Melnhof Karton (MMK) reported a healthy Q2 16 performance. Sales were up 5.7% yoy to €566m, though mostly driven by the acquisition-related higher volumes (+8.5%) in MM Packaging. Sequentially, sales were down 1.7% as overall packaging markets remained competitive. Still, the group managed to sustain its profit momentum, with adjusted EBIT coming in at €56m (+14%; +0.7% qoq). MM Packaging was a key contributor (ad