Mayr-Melnhof Reports Worsened Results

Businessn.a. ♦ Published: August 16, 2012; 16:22 ♦ (Vindobona)

The Austrian packaging company today announced its results for the first quarter. Sales were down slightly, the net profit declined by 20%.

Mayr-Melnhof Reports Worsened Results / 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…