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Mayr-Melnhof Karton AG
ISIN: AT0000938204
WKN: 890447
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Mayr-Melnhof Karton AG · ISIN: AT0000938204 · EQS - adhoc news (42 News)
Country: Austria · Primary market: Austria · EQS NID: 1375619
14 June 2022 07:04PM

MM Group with an expected increase in 2nd quarter and 1st half-year 2022 earnings


EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Miscellaneous
Mayr-Melnhof Karton AG: MM Group with an expected increase in 2nd quarter and 1st half-year 2022 earnings

14-Jun-2022 / 19:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Mayr-Melnhof Group (MM) expects for the 2nd quarter of 2022 an operating profit in the range of EUR 150 to 200 million (2Q 2021: EUR 31 million) after EUR 111 million in the 1st quarter of 2022 (1Q 2021: EUR 61 million). For the 2022 1st half-year this translates to a probable operating profit in the range of EUR 260 to 310 million (1st half of 2021: EUR 92 million).

The income statement of the 1st half-year / 2nd quarter 2022 is on top to the ongoing business particularly influenced by the inclusion of the cartonboard and paper mills MM Kwidzyn and MM Kotkamills, which were acquired at the beginning of August 2021.

This earnings expectation is based on current forecasts with significant ongoing uncertainties from the supply chain. As previously announced, 2022 half-year results will be published on August 11, 2022.


14-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1375619

 
End of Announcement EQS News Service

1375619  14-Jun-2022 CET/CEST

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(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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