Mayr-Melnhof Karton reported another weak set of results. However, the Q3 sequential profitability rebound, aided by Packaging, was noteworthy. Also, the recent sector developments indicate that the situation is set to improve (soon). Although it may take time for a euphoric market environment (like 2021-22) to be restored, there’s no concern with respect to the attainment of the long-term packaging demand potential – which MMK is also well-placed to exploit via its (inorganic) growth bets. Over ....
