Mayr-Melnhof: Stable Results Ahead
Next Thursday, the Austrian packaging company will present its results for the first quarter of 2012. Mayr-Melnhofs EBIT margin is expected to increase.
According to Berenberg Bank, the inventories have stabilized and demand was up only slightly last quarter. Despite the growing price pressure on raw materials, Berenberg Bank expects a strong quarter and estimates Mayr-Melnhof´s EBIT margin to increase to 9.5%. In the first quarter of 2012, the packaging company registered an EBIT margin of 8.8%. Mayr-Melnhof´s net result should come at € 24.4m. Berenberg Bank anticipates EBIT to reach 37.1m and revenues to total € 483.7m. However, due to the extraordinary expenses in the U.K, Mayr-Melnhof´s results are expected to be burdened.