Mayr-Melnhof Karton AG: MM reports half-year results for 2022

In the 1st half-year organic growth of The enormous cost inflation was mitigated by price adjustments, cost control and a step-up in operational efficiencies. he Group’s consolidated sales increased by EUR 928.9 million to EUR 2,218.5 million (1st half of 2021: EUR 1,289.6 million). This growth results mainly from the previous year’s acquisitions as well as the passing on of cost increases through higher prices. DEVELOPMENT IN THE 2ND QUARTER In the course of very good demand as well as increased prices to compensate for the ongoing strong cost inflation, consolidated sales of EUR 1,158.1 million were above the value of the 1st quarter of 2022 (EUR 1,060.4 million). The increase compared to the previous year’s level (2Q 2021: EUR 648.3 million) results primarily from the inclusion of MM Kotkamills and MM Kwidzyn as well as necessary price adjustments. OUTLOOK We expect sustained solid demand for natural, renewable and recyclable cartonboard packaging. Any ongoing cost inflation will be mitigated by timely price adjustments in both divisions