Brief: Mayr Melnhof Karton FY profit rises 8.0 pct to EUR 153.4 million

Mayr-Melnhof Karton AG

21/03/2017 07:00

March 21 (Reuters) - Mayr Melnhof Karton AG  MMKV.VI : 
    * To increase dividend to 3.00 euros  ($3.23) per share for 
financial year 2016, following 2.80 euros per share (sum of 1.60 
euros interim dividend and 1.20 euros dividend) for 2015 
    * FY group's consolidated sales rose by 4.2 percent to 
2,272.7 million euros and were thus 91.2 million euros above 
previous year's amount (2015: 2,181.5 million euros) 
    * At 213.7 million euros, FY operating profit was 6.9 
percent or 13.8 million euros higher than in previous year 
(2015: 199.9 million euros) 
    * FY profit for year thus rose by 8.0 percent to 153.4 
million euros (2015: 142.1 million euros), with net profit 
margin increasing slightly from 6.5 percent to 6.7 percent 
    * FY profit before tax increased by 9.8 percent to 209.2 
million euros after 190.6 million euros in previous year 
    * At same time, significantly higher recovered paper prices 
compared to beginning of 2016 have further increased tensions 
    * Owing to short-term nature of business, it is not yet 
possible to provide a forecast for result of 2017 
 
     
Source text for Eikon:  ID:nEQ79w3P2  
Further company coverage:  MMKV.VI  
 
($1 = 0.9282 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))