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Mayr Melnhof Karton AG (MMKVEUR.Lp)

MMKVEUR.Lp on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mayr Melnhof Karton FY profit rises 8.0 pct to EUR 153.4 million
Tuesday, 21 Mar 2017 03:10am EDT 

Mayr Melnhof Karton AG : To increase dividend to 3.00 euros ($3.23) per share for financial year 2016, following 2.80 euros per share (sum of 1.60 euros interim dividend and 1.20 euros dividend) for 2015 . FY group's consolidated sales rose by 4.2 percent to 2,272.7 million euros and were thus 91.2 million euros above previous year's amount (2015: 2,181.5 million euros) . At 213.7 million euros, FY operating profit was 6.9 percent or 13.8 million euros higher than in previous year (2015: 199.9 million euros) . FY profit for year thus rose by 8.0 percent to 153.4 million euros (2015: 142.1 million euros), with net profit margin increasing slightly from 6.5 percent to 6.7 percent . FY profit before tax increased by 9.8 percent to 209.2 million euros after 190.6 million euros in previous year . At same time, significantly higher recovered paper prices compared to beginning of 2016 have further increased tensions .Owing to short-term nature of business, it is not yet possible to provide a forecast for result of 2017.  Full Article

Mayr-Melnhof Karton 9-mth profit up 6.7 pct to EUR 115.5 mln
Tuesday, 15 Nov 2016 01:30am EST 

Mayr Melnhof Karton AG : 9-month group's consolidated sales totaled 1,713.8 million euros ($1.84 billion) and were thus 5.9 percent or 96.0 million euros above previous year's value (1-3Q 2015: 1,617.8 million euros) . 9-month profit rose by 6.7 percent to 115.5 million euros (1-3Q 2015: 108.2 million euros) . Due to short-term visibility and general economic uncertainties, a forecast for 2017 is not yet possible .Based on strong development in first half-year, positive prospects for 2016 as a whole remain intact.  Full Article

Mayr Melnhof Karton H1 consolidated sales up at 1,142.2 mln euros
Thursday, 18 Aug 2016 01:55am EDT 

Mayr Melnhof Karton AG : H1 consolidated sales went up by 6.8 % or 72.6 million euros to 1,142.2 million euros (1st half of 2015: 1,069.6 million euros) . H1 profit for period thus increased by 19.6 % to 80.4 million euros (1st half of 2015: 67.2 million euros) . Strong development in first half-year will nevertheless be a challenge for second half of year . H1 operating profit grew by 14.8 % or 14.3 million euros to 110.8 million euros (1st half of 2015: eur 96.5 million) . H1 financial income was at 1.6 million euros (1st half of 2015: eur 0.8 million), financial expenses amounted to eur -3.2 million (1st half of 2015: -3.2 million euros). .Situation on european cartonboard and folding carton markets starts to get more challenging..  Full Article

Mayr Melnhof Karton Q1 profit up 11.0 pct at 39.4 million euros
Thursday, 19 May 2016 01:52am EDT 

Mayr Melnhof Karton AG : Q1 consolidated sales rose by 7.9 pct to 576.0 million euros ($645.58 million) . Q1 operating profit up 8.7 pct to 55.2 million euros . Q1 profit for the period went up by 11.0 pct to 39.4 million euros . Says visibility of demand on cartonboard and folding carton markets has become noticeably more short-term and the situation ongoing competitive .Says strong profit development in the first quarter will be a challenge for the subsequent quarters.  Full Article

Mayr Melnhof Karton to distribute a dividend of 1.20 euro per share‍​‍​
Tuesday, 15 Mar 2016 02:32am EDT 

Mayr Melnhof Karton AG:To distribute a dividend of 1.20 euro per share‍​‍​.  Full Article

Mayr Melnhof Karton says interim dividend for FY 2015 at EUR 1.60 per share
Tuesday, 20 Oct 2015 12:54pm EDT 

Mayr Melnhof Karton AG:Says pay out an interim dividend for financial year 2015 in amount of 1.60 euro per share, which corresponds to half of the average of the annual dividends for the past three years.Dividend payment to be made on Nov. 10.Ex-Dividend-Day to be Nov. 03.  Full Article

Mayr Melnhof Karton AG says MM Packaging to buy specialty packaging company in France
Wednesday, 17 Jun 2015 05:00am EDT 

Mayr Melnhof Karton AG:Mayr-Melnhof Packaging makes an offer to acquire a specialty packaging company in France.Purchase price will amount to approx. 80 million euros.  Full Article

Mayr Melnhof Karton elects Rainer Zellner new chairman of supervisory board
Thursday, 30 Apr 2015 05:16am EDT 

Mayr Melnhof Karton AG:Supervisory board of Mayr Melnhof Karton reconstituted.At Constituent meeting of supervisory board, Rainer Zellner was elected as new chairman, following Michael Groeller.  Full Article

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