The Mayr-Melnhof Group managed to hold its ground in the financial year 2009, despite the continuing global recession which affected the cartonboard and folding carton industries with high volatility in the customers' demand behavior. Due to a considerable decline, particularly in variable costs, we managed to improve our results in comparison to last year's figures, despite reduced sales.
Both cartonboard production and processing were responsible for the improved earning power of the Group. The generation of a high cash flow reinforced the stable high equity financing power of the MM Group, thus facilitating dividends at last year's level.
Annual Results 2009
Operating profit +9.5 %
Profit for the year of EUR 97.4 million above previous year
Dividend at 1.70 EUR / share maintained at last year's level
Start 2010:
Good capacity utilization since the beginning of the year
Sharp increase of recovered paper prices
To see the full results follow the download link below.