Stable Results for Mayr-Melnhof

Middle EastTurkey ♦ Published: November 15, 2011; 09:31 ♦ (Vindobona)

The Austria cartonboard producer announces rising sales, earnings and profits. However, the outlook is less optimistic. Mayr-Melnhof sees declining margins.

Stable Results for Mayr-Melnhof / Picture: © Mayr-Melnhof

The Mayr-Melnhof Group managed to generate the second quarter’s operating profit also in the third quarter. Thus, the reporting period from January to September 2011 showed improved results compared to the previous year. The folding carton business still demonstrated a stable development, in particular due to the so far persistent private consumption. However, as expected, the ongoing…