Despite the pandemic, Mayr-Melnhof Karton (MMK) reported resilient Q2 / H1 results. While there was some top-line slowdown (in Q2), operating profitability held-up quite well. Management expects a weaker 2020 vs. 2019, but we strongly believe that the group’s product offerings should continue to witness healthy demand – also due to favourable structural changes in the markets. Moreover, management’s effective cost management – with a strong track record – should
24 Aug 2020
Resilient Q2 (against the sector); business model remains attractive
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Resilient Q2 (against the sector); business model remains attractive
Mayr-Melnhof Karton AG (MMK:WBO) | 0 0 0.5% | Mkt Cap: 2,492m
- Published:
24 Aug 2020 -
Author:
Varun Sikka -
Pages:
3
Despite the pandemic, Mayr-Melnhof Karton (MMK) reported resilient Q2 / H1 results. While there was some top-line slowdown (in Q2), operating profitability held-up quite well. Management expects a weaker 2020 vs. 2019, but we strongly believe that the group’s product offerings should continue to witness healthy demand – also due to favourable structural changes in the markets. Moreover, management’s effective cost management – with a strong track record – should