Mayr-Melnhof Karton AG
(WBO:MMK)
€
69.5
-1 (-1.42%)
Market Cap: 1.39 Bil
Enterprise Value: 2.67 Bil
PE Ratio: 28.96
PB Ratio: 0.68
GF Score: 77/100 Q1 2023 Mayr Melnhof Karton AG Pre-Recorded Earnings Presentation Q&A with CEO Transcript
Apr 25, 2023 / NTS GMT
Release Date Price:
€142.8
(-4.55%)
Unidentified Participant
Presentation Q&A with CEO
Apr 25, 2023 / NTS GMT
=====================
Corporate Participants
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* Peter Josef Oswald
Mayr-Melnhof Karton AG - CEO & Chairman of the Management Board
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Questions & Answers
Unidentified Participant
Peter, could you explain the reason for the 45% decline in MM's operating profit for the first quarter of '23.
Peter Josef Oswald
Mayr-Melnhof Karton AG - CEO & Chairman of the Management Board
Yes. I mean, the decline was mainly due to weak sales volumes in our division, Board & Paper, which we had already cautioned about during the presentation of our strong '22 results. However, the historically unusual 20% volume decline in Europe in the overall market during Q1 was higher than we had
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