Tuesday, 17 August 2010 10:00

Mayr-Melnhof Karton AG releases the half-year results 2010

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The Mayr-Melnhof Group succeeded in benefiting from the temporary recovery that the economy demonstrated in the first half-year 2010. Capacities in both cartonboard production and folding carton manufacturing were utilized almost to the full. The distinct growth in volume was, however, accompanied by significant price increases in the procurement markets. Thus it was only possible to gradually pass on these price increases to our end customers. Thanks to the high level of productivity and cost-efficiency, the Group managed however to confirm its sustained earnings power in the first half of the 2010 business year.

There is no indication that any reversal of trend in the dynamic volume development will occur during the third quarter of the year. It will remain our priority to pass on in-creasing input costs to end consumers, as it is no longer possible to offset them by higher volumes given that capacity is already fully utilized.

Read 2685 times Last modified on Tuesday, 17 August 2010 08:13