Mayr-Melnhof Company News - Preliminary indication reveals blowout earnings in Q2
Company eyes Q2 22 EBIT in a range of EUR 150-200 mnFurther margin expansion at MM Board & Paper amid wider price-cost spreads as primary driver
Likely no (material) impairment of RU/UA assets to be digested in Q2
Even considering Q2 as peak earnings power, at first glance FY 22 EBIT should exceed the EUR 500 mn threshold
The Q2 results release is scheduled for August 11
We reiterate our positive stance on the investment case
Mayr-Melnhof Karton and its subsidiaries are primarily engaged in manufacturing and selling cartonboard and folding cartons with a focus on Europe. Co.'s business segments include: Mayr-Melnhof Karton, which is engaged in the manufactures and markets numerous grades of cartonboard, concentrating on coated cartonboard produced predominantly from recovered paper as well as virgin fiber-based cartonboard; and Mayr-Melnhof Packaging, which is engaged in converts cartonboard into industrial printed folding cartons mainly for the food industry, other consumer goods industries, and into cigarette packaging as well as confectionary packaging.
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