The Mayr-Melnhof Group’s consolidated sales for the first three quarters of 2017 totaled Euro 1,749.1 million and were thus 2.1%, or Euro 35.3 million above the previous year’s value (1-3Q 2016: Euro 1,713.8 million). Both divisions contributed to the slight increase.
With Euro 158.9 million, operating profit reached the previous year’s level (1-3Q 2016: Euro 160.2 million). The Group’s operating margin thus remained stable at 9.1% (1-3Q 2016: 9.3%). Financial income of Euro 1.6 million (1-3Q 2016: Euro 2.3 million) contrasted with financial expenses of Euro -4.5 million (1-3Q 2016: Euro -4.7 million).
Accordingly, profit before tax totaled Euro 151.9 million and was 2.6 % below the comparative figure of the previous year (1-3Q 2016: Euro 155.9 million). Income tax expense amounted to Euro 38.6 million (1-3Q 2016: Euro 40.4 million), resulting in an effective Group tax rate of 25.4% (1-3Q 2016: 25.9%).
At Euro 113.3 million, the profit for the period almost reached the previous year’s figure (1-3Q 2016: Euro 115.5 million).
The Mayr-Melnhof Group is the world-leader in coated recycled cartonboard with a growing position in virgin fiber based board and Europe’s leading manufacturer of folding cartons with a growing presence outside of Europe.
