DGAP-News: Mayr-Melnhof Karton AG: Results for the first quarter 2013
(firmenpresse) - DGAP-News: Mayr-Melnhof Karton AG / Key word(s): Quarter Results
Mayr-Melnhof Karton AG: Results for the first quarter 2013
15.05.2013 / 07:43
---------------------------------------------------------------------
- Sales and volumes affirmed
- Rebuild-related downtime in board mill and
lower cartonboard prices weigh on operating profit
- Increasingly more cautious development of demand
- Construction of a fourth folding carton plant in Turkey
During the first quarter of 2013 the Mayr-Melnhof Group stood up firmly in
an environment marked by stagnating volumes and significantly intensified
competition in the main market Europe. Our cartonboard mills as well as
folding carton plants recorded overall high capacity utilization, whereby
sales and volumes in both divisions could be maintained at the same or
above the level of the comparative period. However, at EUR 38.4 million,
operating profit of the Group was EUR 4.8 million or 11.1 % below the
previous year. This decline was exclusively due to cartonboard production,
since the folding carton business achieved an increase in profit compared
to the previous year. Loss in volume owing to the planned rebuild of a key
aggregate in the cartonboard mill Neuss and lower average sales prices were
the major reasons for the reduction in margins at MM Karton.
Looking to the future, there are actually no indications for a recovery in
the development of demand, which has slowed progressively since the
beginning of the year. Our customers' planning and the visibility remain
short-term, the costs of raw materials largely unchanged. Against this
background, we intend to safeguard the prices of our products as best as
possible and to continue to increase our share in consolidated as well as
growing markets in order to secure the long-term profitability of our
Group.
Group Key indicators (IFRS, unaudited)
consolidated in millions of EUR 1Q/2013 1Q/2012 +/-
Sales 496.7 494.9 +0.4%
Operating Profit 38.4 43.2 -11.1%
Operating margin (in %) 7.7% 8.7%
Profit before tax 36.2 39.9 -9.3%
Profit for the period 27.0 28.7 -5.9%
Earnings per share (in EUR) 1.35 1.41
OUTLOOK
While there may have been an occasional bright spot at the beginning of the
year, cyclical cloud fields have gathered now over the economy in the euro
area. Lower consumer confidence compared to the previous year leads to an
increasing restraint in private consumption. For our industry this means
consolidation in the core market Europe along with volatility in customer
planning and intense price competition. A noticeable weakening of prices
among input factors have so far failed to materialize. Recovered paper
prices have thus continued their sideways movement of recent months.
Our efforts are therefore focused on increasing volumes and optimizing
prices as best as possible. This is the only way to stabilize our margins.
The course of expansion will be risk-consciously further pursued.
Please find our detailed Interim Report for the 1st Quarter of 2013 on our
homepage http://www.mayr-melnhof.com.
For further information, please contact:
Stephan Sweerts-Sporck
Investor Relation
Mayr-Melnhof Karton AG
Brahmsplatz 6
A-1041 Wien
Tel.: +43 1 50136-91180
Fax: +43 1 50136-191195
E-Mail: investor.relations(at)mm-karton.com
Website: http://www.mayr-melnhof.com
End of Corporate News
---------------------------------------------------------------------
15.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations(at)mm-karton.com
Internet: www.mayr-melnhof.com
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
---------------------------------------------------------------------
211137 15.05.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Traffic Through The First 13 Days of May Surges Past Total Traffic On www.pazoo.com For The Whole Month Of April - Ad Revenue Quickly Increasing
Datum: 15.05.2013 - 07:43 Uhr
Sprache: Deutsch
News-ID 260102
Anzahl Zeichen: 7752
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 174 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Mayr-Melnhof Karton AG: Results for the first quarter 2013"
steht unter der journalistisch-redaktionellen Verantwortung von
Mayr-Melnhof Karton AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
