Mayr-Melnhof Karton’s (MMK) Q3 16 results were behind consensus estimates. Sales came in at €572m (+4.3% yoy; +1% qoq), mostly benefiting from last year’s Ileos acquisition (in the Packaging division). In the Karton division, despite high capacity utilisation (98%), pricing pressure resulted in sales falling (-3.5% yoy; -1.1% qoq) to €256m. The profitability impact was worse, with adjusted EBIT correcting (15% yoy; 11% qoq) to €49m. Here again, Karton sagged, with o
22 Nov 2016
Tough markets weigh on the Q3 results
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Tough markets weigh on the Q3 results
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
22 Nov 2016 -
Author:
Varun Sikka -
Pages:
3
Mayr-Melnhof Karton’s (MMK) Q3 16 results were behind consensus estimates. Sales came in at €572m (+4.3% yoy; +1% qoq), mostly benefiting from last year’s Ileos acquisition (in the Packaging division). In the Karton division, despite high capacity utilisation (98%), pricing pressure resulted in sales falling (-3.5% yoy; -1.1% qoq) to €256m. The profitability impact was worse, with adjusted EBIT correcting (15% yoy; 11% qoq) to €49m. Here again, Karton sagged, with o