The Mayr-Melnhof Group was able to sustain overall good capacity utilization in both divisions and to maintain the previous year's sales level in the first quarter of This was achieved despite restrained demand at the beginning of the year and forex intense competition. The packaging division recorded a further quarter with high profitability. In contrast, the result of the cartonboard division was weighed by another rise in recovered paper prices. Accordingly, passing on increased input costs through higher selling prices is now first priority with the aim to keep on long-term profitability in both segments. The Group's consolidated sales increased to EUR This slight rise primarily results from the packaging division. Operating profit, at EUR A stable performance at a high level in the packaging division was contrasted by kartonu decline in the cartonboard division. The Group's operating margin reached 8. Financial income amounted to EUR 0. Profit before tax thus totaled EUR Income tax expense was at EUR Profit for the period decreased by 6. Our first priority currently is to pass on the increased raw material costs in a stable European market environment, however lacking impulses. Continuing highly competitive general conditions are sustaining margin pressure, which we are countering with targeted measures to reduce costs and increase business volume. Besides exploiting organic growth opportunities, we continue forex focus kartonu expansion through acquisitions. Due to the strong profit development in the kartonu half of the previous year supported by a favorable product mix in the packaging division, as well as the successive compensation of increased raw material costs, interim results in the first half-year of will, as in the first quarter, come in below the comparative figure of last year. The target forhowever, remains to tie up with the challenging level of best possible. Following a restrained beginning of the year, demand on the European cartonboard market improved slightly over the course of the first quarter of The average order backlog of MM Karton was around 69, tons, following 57, tons in the first three months of the previous year. The major challenge in forex first months of the year was the situation on the raw materials markets, which experienced a significant price increase in the strategic raw material of recovered paper as well forex in coating chemicals. Prices for recovered paper were driven in particular by strong demand from Asia and stockpiling for new European corrugated base paper machinery. Withtons produced andtons sold, volumes forex similar to the previous year 1Q Owing to largely stable average prices, sales, at EUR In contrast, operating profit decreased as a result of the strong rise in raw material costs from EUR The operating margin came in at 6. Also demand on the European folding carton market still proceeded without noticeable stimulus in the first three months of the year. Accordingly competition continued with unabated intensity. Nevertheless MM Packaging was able to solidly maintain its position in this setting with a broad range of sales in kartonu consumer goods sectors and regions as well forex with the focus on cost leadership. The good profit-level was held up for another quarter in succession, still with a heterogeneous profit contribution by the individual sites. There are no signs of a sustained improvement in market dynamics recognizable. Thus, MM Packaging is kartonu to focus on maximum efficiency in production as well as on long-term collaboration with successful customers. The success of this approach can also be seen in the first quarter of Sales kartonu well as operating profit, at EUR As a result, at Attons, tonnage processed remained forex unchanged at the previous year's level 1Q Brahmsplatz 6 A Vienna Tel.: Mayr-Melnhof Karton AG published this content on 18 May and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May E-mail Password Remember Forgot password? You can now paste it to your liking. Discover our TOP LISTS, the world's most profitable stocks to hold Get it NOW! Results for the first Quarter of You can enter multiple email addresses separated by commas Message: OUTLOOK Our first priority currently is to pass on the increased raw material costs in a stable European market environment, however lacking impulses. 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In addition to his professional work, he is a returning guest critic at Pratt Institute and the New York School of Interior Design.
It signifies not only that Musa, as a storyteller, was seen as something beyond a human being ( he was something or someone who could transcend death,so to speak) but also, and more significantly, that the storyteller still exists somewhere and only needs to be re-found.