Online features
- Home page
- Products
- Technology
- Environment
- Profiles
- Corporate
- Investment
- News from events
- People
- Countries
- Events calendar
- Analysis
- Business Opportunities
- Career Opportunities
- Opinions
- Award winning products
- Blog
Latest magazine
Corporate
Mayr-Melnhof sees drop in folding carton manufacturing
Against the backdrop of the ongoing global recession the Mayr-Melnhof Group recorded in the first half of 2009 a noticeable reduction in volume compared to the first half-year 2008 both in cartonboard production and in folding carton manufacturing along with a strong increase in volatility of demand. As a result net sales decreased by 14.0 % and the operating profit was down by 12.6 % to EUR 70.2 million. Due to the price decreases on the procurement markets and further cost saving, the Group operating margin was maintained at 9.1 %, slightly up on the previous year (1st half of 2008: 9.0 %). As a result of the lower tax expense the profit for the period decreased only by 6.3 % from EUR 55.4 million to EUR 51.9 million.No trend reversal in the market development seems to be in sight, as the effects of falling employment on private consumption and thus the demand for cartonboard and folding cartons in the upcoming months are quite obvious.
