At Euro 136.5 million, an operating profit of 4.8 %, or Euro 6.3 million, above the previous year’s figure (1-3Q 2013: Euro 130.2 million) could be achieved. A clear rise in profit at the cartonboard division goes along with a stable profit development in the packaging division.
Financial income totaled Euro 1.1 million, financial expenses Euro -3.7 million.
Profit for the first three quarters of 2014 rose by 5.1 % to Euro 97.5 million.
3Q operating margin of MM Karton was 7.8 % after 8% in the 2Q 2014 and 10.3 % in the 3Q 2013, with the latter including the non-recurring income from the acquisition of MMK FollaCell.
The operating margin of MM Packaging amounted to 9% in 3Q 2014 (2Q 2014: 7.9 %; 3Q 2013: 9.2 %).
The Group’s operating profit totaled Euro 47.8 million. The profit for the 3Q reached Euro 36.5 million.
The Mayr-Melnhof Group is the world-leader in coated recycled cartonboard and Europe’s leading manufacturer of folding cartons. The Group’s operations are entirely concentrated on the core business areas which are managed in two operative segments MM-Karton and MM-Packaging.
