Newsdetails
1st Half-year results 2006
· Best ever half-year results
· High capacity utilization
· Price increase for cartonboard and folding cartons gradually implemente
· Further increase of crude oil related costs necessitates another price rise
· Stability of demand in the 3rd Quarter
As expected, the Mayr-Melnhof Group could take the positive momentum also into the second quarter. Thus, the first half of 2006 could be finalized with the so far best ever half-year results.
Increasing economic dynamics in the major Western European economies and a noticeable pick-up in private consumption contributed to healthy demand for our products. However, the persistence of this positive sentiment in our core markets remains difficult to assess. Against this background MM Karton as well as MM Packaging registered a consistently sound utilization of capacities and a positive development of earnings.
MM Packaging again benefited from improved productivity. In the cartonboard division the price increase necessitated by the drastic surge of all crude oil related costs has been gradually implemented since the beginning of the year. In this connection, taking temporary downtime at our Bulgarian mill has proven to be the right support.
