Mayr-Melnhof lifts Q1-3 earnings on cost savings as overcapacity and import pressure burden board market

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Despite continued weak consumer demand and overcapacity in the European market, Austrian board and packaging producer Mayr-Melnhof (MM) reports a substantial increase of its profits in the first nine months of the current financial year.

Overall, the MM Group’s sales revenues dropped by 3 per cent to €2.98bn....

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