Brief: Mayr-Melnhof Karton H1 Profit Before Tax At EUR 82.9 Mln

Mayr-Melnhof Karton AG

19/08/2021 07:04

Aug 19 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * RESULTS FOR THE 1ST HALF-YEAR 2021
    * AT EUR 92.1 MILLION, H1 OPERATING PROFIT WAS 24.8 % OR EUR
30.4
MILLION LOWER THAN IN PREVIOUS YEAR (1ST HALF OF 2020: EUR 122.5
MILLION)
    * CONSOLIDATED SALES INCREASED SLIGHTLY FROM EUR 1,266.5
MILLION
TO EUR 1,289.6 MILLION IN H1
    * H1 FINANCIAL INCOME OF EUR 1.0 MILLION (1ST HALF OF 2020:
EUR
0.9 MILLION) WAS OFFSET BY FINANCIAL EXPENSES OF EUR -10.3
MILLION (1ST HALF OF 2020: EUR -3.8 MILLION)
    * H1 PROFIT BEFORE TAX TOTALED EUR 82.9 MILLION, COMPARED TO
EUR
117.7 MILLION IN PREVIOUS YEAR
    * NEW MILLS' EARNINGS WILL ONLY BE FULLY REFLECTED FROM 2022
ONWARDS
    * DISPOSAL OF EERBEEK AND BAIERSBRONN MILLS IS EXPECTED TO
GENERATE A DECONSOLIDATION GAIN OF BETWEEN EUR 45 - 55 MILLION
IN 3RD QUARTER

Source text for Eikon:  ID:nAPA4LPNPB 
Further company coverage:  MMKV.VI 

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