While MMK’s Q2 17 results, again a soft performance, came broadly in line with AV’s estimates, the numbers (profits in particular) were below consensus estimates. Sales were almost flat yoy (and down 3.2% qoq) at €566m, while adjusted EBIT came in at €52m (-7.4% yoy; +1.8% qoq) as Q2 16 was supported by a favourable product mix in Packaging. Although, Karton division performed well despite increasing recovered paper prices – largely supported by pricing improvement
06 Oct 2017
Again soft Q2 results, although there were certain positives as well
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Again soft Q2 results, although there were certain positives as well
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
06 Oct 2017 -
Author:
Varun Sikka -
Pages:
3
While MMK’s Q2 17 results, again a soft performance, came broadly in line with AV’s estimates, the numbers (profits in particular) were below consensus estimates. Sales were almost flat yoy (and down 3.2% qoq) at €566m, while adjusted EBIT came in at €52m (-7.4% yoy; +1.8% qoq) as Q2 16 was supported by a favourable product mix in Packaging. Although, Karton division performed well despite increasing recovered paper prices – largely supported by pricing improvement