Mayr-Melnhof Q2 21 - Q2 results meet RBIe, cost pressure to persist in H2
Cost inflation pressuring cartonboard margin outweighs good top line dynamicsOwing to better pricing MM Karton should have seen the margin trough in Q2
MM Packaging clean profitability slightly above 11% in Q2, but compression flagged for H2
Disposal of Eerbeek and Baiersbronn plants lead to one-off gain of EUR 45-55 mn in Q3
Challenging H2 ahead
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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