Brief: Mayr Melnhof Karton 9-Month EBITDA At EUR 283 Mln

Mayr-Melnhof Karton AG

16/11/2021 07:00

Nov 16 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * 9-MONTH SALES INCREASED BASICALLY ACQUISITION-RELATED BY
10.7 %
OR EUR 203.6 MILLION TO EUR 2,107.1 MILLION (1-3Q 2020: EUR
1,903.5 MILLION).
    * 9-MONTH AT EUR 162.4 MILLION, PROFIT BEFORE TAX WAS
SLIGHTLY
ABOVE PREVIOUS YEAR (1- 3Q 2020: EUR 160.6 MILLION)
    * FOCUS OF INVESTMENTS IS ON EFFICIENCY IMPROVEMENTS AND
OPTIMIZATION OF PRODUCT PORTFOLIO, EXPANSIVE EFFECTS WILL ONLY
GRADUALLY TAKE EFFECT FROM 2023 ONWARDS
    * AFTER MM BOARD & PAPER HAS FIXED A NEW CARTONBOARD PRICE
INCREASE FOR 4TH QUARTER, WHERE POSSIBLE, A FURTHER PRICE
INCREASE FOR CARTONBOARD AND PAPER HAS BEEN ANNOUNCED FOR
BEGINNING OF 2022
    * INCREASE OF 4.7 % IN GROUP'S OPERATING PROFIT FOR FIRST
THREE
QUARTERS OF 2021 MAINLY RESULTS FROM ONE-OFF EFFECTS IN MM BOARD
& PAPER
    * 9-MONTH EBITDA AT EUR 283 MILLION VERSUS EUR 307.1 MILLION
YEAR
AGO
    * 9-MONTH FINANCIAL INCOME TOTALED EUR 1.9 MILLION (1-3Q
2020: EUR
1.0 MILLION)

Source text for Eikon:  ID:nAPA49fCCR 
Further company coverage:  MMKV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))