The Group’s consolidated sales amounted to EUR 641.3 million in the first three months of 2021 and thus almost reached the previous year’s level (Q1 2020: EUR 646.6 million).
At EUR 61.2 million, the operating result was 5.2% or EUR 3.4 million below the previous year’s figure (Q1 2020: EUR 64.6 million). An increase in the packaging division was offset by a decline in the cartonboard division. The previous year included one-time expenses of EUR -8.6 million, which were divided equally between the two divisions. The Group’s operating margin was 9.6% (Q1 2020: 10.0%).
Financial income of EUR 0.5 million (Q1 2020: EUR 0.4 million) was offset by financial expenses of EUR -3.6 million (Q1 2020: EUR -2.1 million). The “other financial result – net” was EUR 0.5 million (Q1 2020: EUR -0.1 million).
Earnings before taxes were therefore 6.7% below the previous year’s figure at EUR 58.6 million (Q1 2020: EUR 62.8 million). Income taxes amounted to EUR 14.7 million (Q1 2020: EUR 17.7 million), resulting in an effective Group tax rate of 25.2% (Q1 2020: 28.2%).
The profit for the period fell slightly from EUR 45.1 million to EUR 43.9 million.
details at: https://www.mayr-melnhof.com/newsroom/presseaussendungen/ergebnisse-zum-1-quartal-2021/