Defying all odds, Mayr-Melnhof Karton reported strong Q1 20 results. Other than COVID-19-driven panic buying resulting in healthy volumes across divisions, cost tailwinds further supported the performance (in the Karton division). Overall, the group remains an attractive proxy to capitalise on the packaging market’s long-term fundamentals and, hence, we reiterate our stock recommendation.
14 May 2020
Healthy Q1 (profitability); remains promising, despite uncertainties ahead
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Healthy Q1 (profitability); remains promising, despite uncertainties ahead
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
14 May 2020 -
Author:
Varun Sikka -
Pages:
3
Defying all odds, Mayr-Melnhof Karton reported strong Q1 20 results. Other than COVID-19-driven panic buying resulting in healthy volumes across divisions, cost tailwinds further supported the performance (in the Karton division). Overall, the group remains an attractive proxy to capitalise on the packaging market’s long-term fundamentals and, hence, we reiterate our stock recommendation.