Mayr-Melnhof Posts Profit Decrease

IndustrialsIndustrial Goods ♦ Published: May 15, 2012; 12:42 ♦ (Vindobona)

Sales were held up on previous year’s level. The operating profit was below last year’s value due to a sharp increase in input prices. Net income fell by 20%.

Mayr-Melnhof Posts Profit Decrease / Picture: © Mayr-Melnhof

The Mayr-Melnhof Group recorded high capacity utilization in the first quarter of 2012 in both divisions, although the previous quarters were marked by a considerable slowdown in the order intake due to destocking at customers and seasonal influences. At € 494.9m, sales reached previous year’ level, while the operating profit was below the historical record value of the comparative…