Mayr-Melnhof with Improved Sales and Earnings

Published: August 17, 2011; 17:18 · (Vindobona)

The Austrian packaging company reported an increase in sales of 14.5% for the period from January to June. Profit was improved from € 48.9m to € 64.0m.

Mayr-Melnhof with Improved Sales and Earnings / Picture: © Mayr-Melnhof

The Mayr-Melnhof Group was able to close the first half-year 2011 with a significant increase of sales and results despite a normalization and the successive slow-down in demand dynamics as well as an increase in raw material costs. The Group’s operating margin came up to 9.4% (first half of 2010: 9.0%).

Consolidated sales of the Group reached € 988.2m and were thus 14.5%…

This article includes a total of 197 words.

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