Unlike H1, Mayr-Melnhof’s Q3 operating performance moderated. Moreover, cost savings / optimisation programmes resulted in various one-off expenses being recognised. But the overall performance wasn’t bad at all. Division-wise, Packaging remained resilient, while Karton was impacted by (one-off) lower capacity utilisation and a normalising order intake.
Management has maintained its cautious 2020 outlook. However, considering the robust packaging market fundamentals, and MMK’s ability to sustai ....
12 Nov 2020
Reasonable operating results marred by one-off charges
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Reasonable operating results marred by one-off charges
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
12 Nov 2020 -
Author:
Varun Sikka -
Pages:
3
Unlike H1, Mayr-Melnhof’s Q3 operating performance moderated. Moreover, cost savings / optimisation programmes resulted in various one-off expenses being recognised. But the overall performance wasn’t bad at all. Division-wise, Packaging remained resilient, while Karton was impacted by (one-off) lower capacity utilisation and a normalising order intake.
Management has maintained its cautious 2020 outlook. However, considering the robust packaging market fundamentals, and MMK’s ability to sustai ....