Declining Profit at Mayr-Melnhof

IndustrialsBasic Resources ♦ Published: November 15, 2012; 14:57 ♦ (Vindobona)

Sales remained almost stable, net income was down by 20%. Regarding the near future, the company is cautious.

Declining Profit at Mayr-Melnhof / Picture: © Mayr-Melnhof

The Mayr-Melnhof Group completed the first half-year of 2012, as expected, despite a solid development with a lower operating profit due to non-recurring expenses resulting from the closure of the folding carton plant in Liverpool. In the ongoing business, demand dynamics at the beginning of the year were a short-time restocking effect of the supply chain, followed by increased…