Unlike peers, Mayr-Melnhof Karton ended 2019 with good sales and profitability growth. As a result, the dividend was increased c.13%. While management targets further improvements in 2020, the COVID-19-induced global macro jitters could be a challenge for the newly-appointed CEO. Although, given MMK’s high-potential product offerings, past cost optimisation track record and absence of paper and pulp divisions (unlike peers), it may do relatively well.
18 Mar 2020
Healthy 2019; low chances of major issues in 2020
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Healthy 2019; low chances of major issues in 2020
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
18 Mar 2020 -
Author:
Varun Sikka -
Pages:
3
Unlike peers, Mayr-Melnhof Karton ended 2019 with good sales and profitability growth. As a result, the dividend was increased c.13%. While management targets further improvements in 2020, the COVID-19-induced global macro jitters could be a challenge for the newly-appointed CEO. Although, given MMK’s high-potential product offerings, past cost optimisation track record and absence of paper and pulp divisions (unlike peers), it may do relatively well.