Decreasing Profit at Mayr-Melnhof Expected

Businessn.a. ♦ Published: August 14, 2012; 19:52 ♦ (Vindobona)

Next Thursday, the Austrian packaging company will present its results for the first half year of 2012. Revenues are anticipated to decrease.

Decreasing Profit at Mayr-Melnhof Expected / Picture: ©

On average, Erste Group, RCB and Berenberg Bank forecast a net income of € 54.4m in the first six months of 2012. This would correspond to a decrease of 14.4% against the reference period of 2011 (€ 63.5m). Mayr-Melnhof´s revenues should come at € 979.7m. This is a decline of 0.9% against the first half of 2011. Regarding Mayr-Melnhof´s EBIT, the average forecast is € 80.9…