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Mayr-Melnhof Posts Profit Decrease
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…
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