In the backdrop of a (sudden) reversal of fortunes in the packaging markets, Mayr-Melnhof reported weak Q1 results. Despite acquisition-related (top-line) benefits, there were varying challenges in both divisions. Even management has shared a cautious outlook (for 2023). While MMK is pursuing well-targeted growth and efficiency improvement investments, a moderation in the estimates seems inevitable. A material upside should be maintained, given the intact long-term packaging market dynamics, but ....
25 Apr 2023
Weak Q1 results; estimates to be trimmed
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Weak Q1 results; estimates to be trimmed
- Published:
25 Apr 2023 -
Author:
Varun Sikka -
Pages:
3
In the backdrop of a (sudden) reversal of fortunes in the packaging markets, Mayr-Melnhof reported weak Q1 results. Despite acquisition-related (top-line) benefits, there were varying challenges in both divisions. Even management has shared a cautious outlook (for 2023). While MMK is pursuing well-targeted growth and efficiency improvement investments, a moderation in the estimates seems inevitable. A material upside should be maintained, given the intact long-term packaging market dynamics, but ....