In 2017, Mayr-Melnhof Karton (MMK) hit a lifetime-high of c.€132 per share. This was primarily driven by its resilient operating performance, despite an unwavered focus on Europe – which has struggled for a prolonged period. Not only did the group succeed in achieving reasonable top-line growth (2.1% yoy during 9M 17), the segment-level profitability dent was minimal (-0.8% during 9M 17) – in spite of brewing competitive and input-cost pressures. A key supporting factor was t
05 Mar 2018
A beneficiary of good (business and economic) momentum
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A beneficiary of good (business and economic) momentum
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
05 Mar 2018 -
Author:
Varun Sikka -
Pages:
2
In 2017, Mayr-Melnhof Karton (MMK) hit a lifetime-high of c.€132 per share. This was primarily driven by its resilient operating performance, despite an unwavered focus on Europe – which has struggled for a prolonged period. Not only did the group succeed in achieving reasonable top-line growth (2.1% yoy during 9M 17), the segment-level profitability dent was minimal (-0.8% during 9M 17) – in spite of brewing competitive and input-cost pressures. A key supporting factor was t