The Mayr-Melnhof Group was able to exploit the sustained positive momentum on the European main markets in the 1Q 2018. The Group's consolidated sales went up to Euro 592.1 million and were thus 1.3% above the comparative figure of the previous year (1Q 2017: Euro 584.5 million).
Operating profit at Euro 57.1 million was 12.8%, or Euro 6.5 million above the previous year’s value (1Q 2017: Euro 50.6 million). A rise at the cartonboard division contrasted with a decline at the packaging division. The Group's operating margin reached 9.6%, following 8.7% in the first three months of 2017.
Financial income amounted to Euro 0.3 million, financial expenses to Euro -1.5 million. Profit before tax rose by 13% to Euro 55.6 million, compared to Euro 49.2 million in 1Q 2017.
The Mayr-Melnhof Group is the world-leader in coated recycled cartonboard with a growing position in virgin fiber based board and Europe’s leading manufacturer of folding cartons with a growing presence outside of Europe.
