DGAP-News: Mayr-Melnhof Karton AG: Results for the 1st Quarter of 2011
(firmenpresse) - DGAP-News: Mayr-Melnhof Karton AG / Key word(s): Quarter
Results/Quarter Results
Mayr-Melnhof Karton AG: Results for the 1st Quarter of 2011
12.05.2011 / 08:00
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- Earnings power increased
- Operating margin reached 10.1 %
- Profit for the period: +27.3 % to EUR 35.4 million
- Current challenge: Passing on increasing input prices despite a
well-stocked supply chain
GROUP KEY INDICATORS - IFRS
in millions of EUR 1Q/2011 1 Q/2010 +/-
Sales 494.7 439.2 +12.6%
Operating profit 50.0 40.2 +24.4%
Profit before tax 48.5 39.0 +24.4%
Profit for the period 35.4 27.8 +27.3%
thereof minority interests 0.2 0.8
Earnings per share (in EUR) 1.76 1.33
As expected, your Company succeeded in concluding the first quarter of 2011
with a significant improvement in results. Following the extraordinary
upturn of last year, the market environment has now returned to normal.
Both divisions, MM Karton and MM Packaging, have continued to sustain their
strong position and recorded nearly full capacity in the first three months
of this year. MM Karton succeeded in largely compensating the continued
steep increase in input costs, while MM Packaging managed this only
gradually in the course of the first quarter. The operating margin of the
Group increased to 10.1 % (1Q 2010: 9.2 %).
OUTLOOK
The dynamics of demand in Europe, our prime market, have mostly returned to
a normal level and have even leveled off in some countries. But the general
trend is still positive, mainly due to the German market whose improved
situation on the labor market has a positive effect on private consumption.
In both cartonboard production and cartonboard processing, however, we
increasingly perceive the effects of reducing inventory within a supply
chain that has been extremely filled over the recent months.
In light of this, the major challenge is passing on the partly steep
increase in input prices, particularly fibers, transportation and
chemicals. The pressure on margins will therefore significantly intensify
as from the second quarter of this year.
We will continue our course of expansion with a particular focus on the
growth regions.
The detailed press release and the report for the 1st quarter of 2011 are
available on the internet under www.mayr-melnhof.com.
For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations,
Mayr-Melnhof Karton AG,
Brahmsplatz 6, A-1041 Vienna
Tel.: +43 1 501 36-91180, Fax: +43 1 501 36-191195
E-Mail: investor.relations(at)mm-karton.com,
Website: http://www.mayr-melnhof.com
End of Corporate News
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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 WienÖsterreich
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
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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124200 12.05.2011
Datum: 12.05.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 34057
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