Mayr-Melnhof Group’s FY 2015 consolidated sales totaled Euro 2,181.5 million and were thus 4.5%, or Euro 94.1 million above the previous year’s amount (2014: Euro 2,087.4 million). This rise primarily results from increased volumes in both divisions. Around one-fifth of the growth is accounted for by the latest acquisition of MM Packaging in France.
At Euro 199.9 million, FY 2015 operating profit was 10.9%,or Euro 19.7 million above the previous year (2014: Euro 180.2 million). Both divisions made substantial contributions to this growth. Thus, the Group’s operating margin increased from 8.6% to 9.2%.
FY 2015 profit for the year thus rose by 8% to Euro 142.1 million (2014: Euro 131.6 million). Consequently, the net profit margin increased from 6.3 % to 6.5 %.
As expected, the 4Q 2015 was characterized by continuity in the packaging division as well as restrained incoming orders in the cartonboard division.
Due to higher business volumes of both divisions, consolidated sales of Euro 563.8 million exceeded the figure for the corresponding period of the previous year (4Q 2014: Euro 516.4 million).
4Q 2015 operating profit amounted to Euro 45.3 million, whereby an operating margin of 8% was reached.
4Q 2015 profit before tax amounted to Euro 43.8 million after Euro 39.5 million in the 4Q 2014. Profit for the period totaled to Euro 33.9 million (4Q 2014: Euro 34.1 million).
The Mayr-Melnhof Group is the world-leader in coated recycled cartonboard with a growing position in virgin fiber based board and Europe’s leading manufacturer of folding.
Source : pulpapernews.com