While business fundamentals (reflecting in top-line resilience) remain intact, Mayr-Melnhof’s Q1 results were restrained by cost headwinds. The cost challenges are expected to persist, but healthy sales growth – reinforced by management’s outlook and to be further catalysed by the closure of acquired assets – should support material earnings expansion. Overall, MMK remains well positioned to leverage the strong packaging market fundamentals.
18 May 2021
Soft Q1 but promising sales outlook
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Soft Q1 but promising sales outlook
While business fundamentals (reflecting in top-line resilience) remain intact, Mayr-Melnhof’s Q1 results were restrained by cost headwinds. The cost challenges are expected to persist, but healthy sales growth – reinforced by management’s outlook and to be further catalysed by the closure of acquired assets – should support material earnings expansion. Overall, MMK remains well positioned to leverage the strong packaging market fundamentals.