Brief: Mayr Melnhof Karton Q2 Profit Up At EUR 126.3 Mln

Mayr-Melnhof Karton AG

11/08/2022 07:08

Aug 11 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * REPORTS HALF-YEAR RESULTS FOR 2022
    * H1 CONSOLIDATED SALES INCREASED BY EUR 928.9 MILLION TO
EUR
2,218.5 MILLION (1^ST HALF OF 2021: EUR 1,289.6 MILLION)
    * H1 AT EUR 285.0 MILLION, H1 OPERATING PROFIT WAS EUR 192.9
MILLION ABOVE PREVIOUS YEAR'S VALUE (1^ST HALF OF 2021: EUR 92.1
MILLION)
    * H1 FINANCIAL INCOME AMOUNTED TO EUR 2.3 MILLION (1^ST HALF
OF
2021: EUR 1.0 MILLION)
    * AT EUR 270.2 MILLION, H1 PROFIT BEFORE TAX WAS ALSO ABOVE
PREVIOUS YEAR'S LEVEL (1^ST HALF OF 2021: EUR 82.9 MILLION)
    * H1 INCOME TAX EXPENSE AMOUNTED TO EUR 64.4 MILLION (1^ST
HALF OF
2021: EUR 20.7 MILLION)
    * H1 PROFIT ROSE BY EUR 143.6 MILLION TO EUR 205.8 MILLION
(1^ST
HALF OF 2021: EUR 62.2 MILLION)
    * Q2 OPERATING PROFIT ROSE TO EUR 173.9 MILLION AFTER EUR
111.1
MILLION IN 1^ST QUARTER OF 2022
    * Q2 PROFIT INCREASED TO EUR 126.3 MILLION (1Q 2022: EUR
79.5
MILLION; 2Q 2021: EUR 18.3 MILLION)
    * SEES SUSTAINED SOLID DEMAND FOR NATURAL, RENEWABLE AND
RECYCLABLE CARTONBOARD PACKAGING
    * SAYS ANY ONGOING COST INFLATION WILL BE MITIGATED BY
TIMELY
PRICE ADJUSTMENTS IN BOTH DIVISIONS

Source text for Eikon:  ID:nEQ9yWqS4a 
Further company coverage:  MMKV.VI 

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