Amid various uncertainties, MMK reported impressive results. While the top-line was a beneficiary of acquisition-driven gains, price hikes and healthy demand across divisions, profitability was further supported by active cost management and optimum asset utilisation. Overall, on the back of promising long-term European packaging market dynamics, the firm remains an attractive bet. However, material worsening of European growth dynamics, which could have major implications for consumer spending ....
26 Apr 2022
An impressive Q1, despite various (geo-political) uncertainties
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An impressive Q1, despite various (geo-political) uncertainties
Amid various uncertainties, MMK reported impressive results. While the top-line was a beneficiary of acquisition-driven gains, price hikes and healthy demand across divisions, profitability was further supported by active cost management and optimum asset utilisation. Overall, on the back of promising long-term European packaging market dynamics, the firm remains an attractive bet. However, material worsening of European growth dynamics, which could have major implications for consumer spending ....