Mayr-Melnhof Karton AG

  • WKN: 93820
  • ISIN: AT0000938204
  • Land: Austria

Nachricht vom 19.05.2015 | 08:00

Mayr-Melnhof Karton AG: Results for the 1st Quarter of 2015

DGAP-News: Mayr-Melnhof Karton AG / Key word(s): Quarter Results

2015-05-19 / 08:00


* Good first quarter
* High capacity utilization
* Notable profit increase at MM Packaging
* MM Karton maintains a high level

The Mayr-Melnhof Group started the business year 2015 with a good first
quarter. High capacity utilization and productivity increases contributed
significantly to the profit growth of the Group compared to the previous
year's period. Improved performance of the packaging plants had a major
part in this, while MM Karton was able to maintain the solid earnings level
of the previous year.

However, a sustainable economic upturn cannot be inferred from this as the
slight increase in incoming orders at the beginning of the year has now
returned to the usual seasonal level due to a lack of further impulses.
Nevertheless, we keep our goal to grow further with high profitability also
in 2015.

in millions of EUR                1Q/2015            1Q/2014           +/-
Sales                               533.9              523.9         +1.9 %
Operating Profit                     50.8               46.2        +10.0 %
Operating margin (in %)               9.5 %              8.8 %  
Profit before tax                    47.6                43.3        +9.9 %
Income tax expense                  (12.1)              (11.2)
Profit for the period                35.5                32.1       +10.6 %
Earnings per share (in EUR)           1.77                1.59             

The Group's consolidated sales went up to EUR 533.9 million and thus were
1.9 % above the comparative figure of the previous year (1Q 2014: EUR 523.9
million). This rise is mainly the result of increased business volume in
the packaging division.

Operating profit rose by 10.0 % or EUR 4.6 million to EUR 50.8 million.
This growth is primari-ly attributable to the overall improved performance
of the MM Packaging plants. Accordingly, the Group's operating margin
reached 9.5 %, following 8.8 % in the first three months of the previous

Financial income of EUR 0.4 million (1Q 2014: EUR 0.4 million) was offset
by financial ex-penses of EUR -1.6 million (1Q 2014: EUR -1.3 million).

Profit before tax thus rose by 9.9 % to EUR 47.6 million (1Q 2014: EUR 43.3
million). Income tax expense totaled EUR 12.1 million (1Q 2014: EUR 11.2
million), resulting in an effective Group tax rate of 25.4 % (1Q 2014: 
25.9 %).

Profit for the period therefore increased by 10.6 % to EUR 35.5 million (1Q
2014: EUR 32.1 million). This corresponds to 6.6 % of sales (1Q 2014: 
6.1 %).


Impulses for demand from the overall economy for our industry cannot be
determined. Therefore incoming orders reached the usual seasonal level
again after a slight upturn at the beginning of the year. The current order
backlog further enables a solid performance in both divisions. The strong
profit development in the first quarter is a challenge for the subsequent
quarters. Intense competition requires all efforts to be continually
concentrated. However, maximum efficiency in production, optimum price
level and continued long-term expansion should allow further progress at a
high level of profitability. As in the past, organic and acquisition growth
will complement each other.

Please find the detailed Press Release and the Interim Report for the 1st
Quarter of 2015 on our website

Forthcoming Results:
August 18, 2015   Half-Year Results 2015

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


2015-05-19 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                    
Company:     Mayr-Melnhof Karton AG                                     
             Brahmsplatz 6                                              
             1040 Wien                                                  
Phone:       0043 1 501 36 91180                                        
Fax:         0043 1 501 36 91391                                        
ISIN:        AT0000938204                                               
WKN:         93820                                                      
Indices:     ATX                                                        
Listed:      Regulated Unofficial Market in Berlin, Munich, Stuttgart;  
             Open Market in Frankfurt ; Wien (Amtlicher Handel /        
             Official Market)                                           
End of News    DGAP News-Service  
358993 2015-05-19                                                      

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