Brief: Mayr Melnhof Karton 9-Month Operating Profit Down At EUR 159.8 Million

Mayr-Melnhof Karton AG

07/11/2023 07:02

Nov 7 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * MM REPORTS RESULTS FOR THE FIRST THREE QUARTERS OF 2023
    * 3Q OPERATING PROFIT ABOVE PREVIOUS QUARTER BUT WELL BELOW
PREVIOUS YEAR
    * AT EUR 3,196.5 MILLION, GROUP'S CONSOLIDATED SALES WERE
BELOW
PREVIOUS YEAR'S FIGURE (1-3Q 2022: EUR 3,450.4 MILLION)
    * 9-MONTH OPERATING PROFIT DECREASED BY EUR 292.4 MILLION
FROM EUR
452.2 MILLION TO EUR 159.8 MILLION
    * 9-MONTH GROUP'S OPERATING MARGIN WAS THEREFORE AT 5.0 %
(1-3Q
2022: 13.1 %)
    * 9-MONTH FINANCIAL INCOME AMOUNTED TO EUR 5.4 MILLION (1-3Q
2022:
EUR 3.1 MILLION)
    * 9-MONTH PROFIT BEFORE TAX WAS EUR 118.9 MILLION AFTER EUR
416.8
MILLION IN PREVIOUS YEAR
    * 9-MONTH INCOME TAX EXPENSE AMOUNTED TO EUR 27.7 MILLION
(1-3Q
2022: EUR 101.6 MILLION), RESULTING IN AN EFFECTIVE GROUP TAX
RATE OF 23.3 % (1-3Q 2022: 24.4 %)
    * 9-MONTH PROFIT DECREASED FROM EUR 315.2 MILLION TO EUR
91.2
MILLION

Source text for Eikon:  ID:nEQ8Cn8Bma 
Further company coverage:  MMKV.VI 

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