H1 profit surge boosts Mayr Melnhof shares

Mayr-Melnhof Karton AG

11/08/2022 08:39

** Shares in Mayr Melnhof  MMKV.VI  rise 2.4% after the
cartonboard manufacturer's H1 profit more than tripled on strong
demand  urn:newsml:reuters.com:*:nASM000MZ8
    ** H1 profit came in at EUR 205.8 million ($212.4 million)
vs EUR 62.2 million in H1 2021, with other key metrics also
experiencing a boost
    ** "Demand for our products is strong, as consumers prefer
natural, recyclable packaging made from renewable, fiber-based
raw materials," CEO Peter Oswald says, adding cost inflation was
mitigated by price adjustments among others
    ** The stock is among top performers on the Austrian
blue-chip index  .ATX 

($1 = 0.9690 euros)

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))