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Mayr-Melnhof Karton Q1 operating profit down at EUR 50.6 mln

Thursday, 18 May 2017 01:58am EDT

May 18 (Reuters) - MAYR MELNHOF KARTON AG ::MAYR-MELNHOF KARTON AG: RESULTS FOR THE FIRST QUARTER OF 2017.Q1 CONSOLIDATED SALES INCREASED TO EUR 584.5 MILLION AND WERE THUS 1.5 % ABOVE COMPARATIVE FIGURE OF PREVIOUS YEAR (1Q 2016: EUR 576.0 MILLION).Q1 PROFIT FOR PERIOD DECREASED BY 6.3 % TO EUR 36.9 MILLION (1Q 2016: EUR 39.4 MILLION).Q1 OPERATING PROFIT, AT EUR 50.6 MILLION, WAS 8.3 % OR EUR 4.6 MILLION BELOW COMPARATIVE FIGURE OF PREVIOUS YEAR (1Q 2016: EUR 55.2 MILLION).TARGET FOR 2017, HOWEVER, REMAINS TO TIE UP WITH CHALLENGING LEVEL OF 2016 BEST POSSIBLE.DUE TO STRONG PROFIT DEVELOPMENT IN H1 OF PREVIOUS YEAR AND FAVORABLE PRODUCT MIX IN PACKAGING DIVISION, AND SUCCESSIVE COMPENSATION OF INCREASED RAW MATERIAL COSTS, H1 RESULTS WILL, AS IN Q1, COME IN BELOW COMPARATIVE FIGURE OF LAST YEAR.

Mondi posts Q1 underlying operating profit of 252 mln euros

Thursday, 11 May 2017 02:17am EDT

May 11 (Reuters) - Mondi Plc ::Says Q1 underlying operating profit of EUR 252 million was 6% down on comparable prior year period (EUR 269 million).Says underlying operating profit was up 12% on Q4 of 2016 (EUR 225 million) as group benefited from higher sales volumes and prices.Says sales volumes grew across group's packaging paper, fibre packaging and consumer packaging business units compared to Q1 2016.Says experiencing some inflationary cost pressures across group and forestry fair value gain is expected to be lower than in 2016.

Mondi posts Q1 underlying operating profit of 252 mln euros

Thursday, 11 May 2017 02:17am EDT

May 11 (Reuters) - Mondi Plc ::Says Q1 underlying operating profit of EUR 252 million was 6% down on comparable prior year period (EUR 269 million).Says underlying operating profit was up 12% on Q4 of 2016 (EUR 225 million) as group benefited from higher sales volumes and prices.Says sales volumes grew across group's packaging paper, fibre packaging and consumer packaging business units compared to Q1 2016.Says experiencing some inflationary cost pressures across group and forestry fair value gain is expected to be lower than in 2016.

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