While Q4 18 was impacted by severe destocking, the continuation of intense competition and higher costs, the full-year results were still pretty good. The net cash position was restored and dividends were increased yet again. Interestingly, the Q4 18 demand difficulties have already started retreating in Q1 19. Also, with the materialisation of targeted price hikes, cost efficiencies and addition/acquisition of value-added products, MMK’s margins are likely to improve over time.
22 Mar 2019
Barring Q4 scare, 2018 was a good year
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Barring Q4 scare, 2018 was a good year
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
22 Mar 2019 -
Author:
Varun Sikka -
Pages:
3
While Q4 18 was impacted by severe destocking, the continuation of intense competition and higher costs, the full-year results were still pretty good. The net cash position was restored and dividends were increased yet again. Interestingly, the Q4 18 demand difficulties have already started retreating in Q1 19. Also, with the materialisation of targeted price hikes, cost efficiencies and addition/acquisition of value-added products, MMK’s margins are likely to improve over time.