Aug 22, 2024 / 08:00AM GMT
Peter Oswald - Mayr Melnhof Karton AG - Chairman of the Management Board, Chief Executive Officer
Welcome to this announcement of our '24 half year results. I am pleased that our adjusted operating profit in Q2 is up compared to last year and also compared to the previous two quarters as board and paper returned to a positive operating profit in Q2. This success is a result of the excellent execution of our profit and cash protection program even though the majority of its benefits will only be seen in full in '25.
With regards to the first half year results were still lower than in the previous year, due to lower average sport and paper prices. However, first half year operating cash flow and free cash flow were significantly up. And this is what our focus is upon.
In the board and paper division, we saw an improvement in market demand following the reduction of high inventories in the supply chain. Also, our improved products after the machine rebuilds were well received by our customers. And this resulted in a significant increase in sales volume by around 18%.
Despite
Half Year 2024 Mayr-Melnhof Karton AG Earnings Call Transcript
Aug 22, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers