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Declining Profit at Mayr-Melnhof
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…
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