After a soft H1 21, Mayr-Melnhof reported promising Q3 results. Besides the benefit of the closure of two strategic acquisitions, the firm also effectively capitalised on promising market fundamentals. Cost escalation was a pertinent challenge, but some good progress has been made with respect to (planned) price hikes. While (further) near-term cost and integration challenges can’t be ruled out, MMK remains an attractive pure-play (European) packaging market proxy.
16 Nov 2021
Strong Q3 results; potential remains intact
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Strong Q3 results; potential remains intact
After a soft H1 21, Mayr-Melnhof reported promising Q3 results. Besides the benefit of the closure of two strategic acquisitions, the firm also effectively capitalised on promising market fundamentals. Cost escalation was a pertinent challenge, but some good progress has been made with respect to (planned) price hikes. While (further) near-term cost and integration challenges can’t be ruled out, MMK remains an attractive pure-play (European) packaging market proxy.