Austria’s Mayr-Melnhof (MM) group expects to post operating earnings in the range of €150-200m for the second quarter of the current year following €111m in the first quarter.
The figures would potentially yield earnings in the range of €260-310m for the first half of the current year. In the first quarter of 2021, MM posted an operating profit of €61m followed by €31m in the second quarter 2021, resulting in an operating profit of €92m for the first half-year 2021.
The profit-and-loss statement for the first half-year and the second quarter of 2022 would particularly reflect the consolidation of the MM Kwidzyn and MM Kotkamills board and paper mills that the group acquired in August 2021, the group explained. MM, however, cautions that the earnings expectation is based on current estimates amidst sustained and pronounced uncertainties in the supply chain.