Mayr-Melnhof Group Results for the First Half of 2020
At EUR 1,266.5 million, the consolidated sales of the Group almost reached the previous year's level (1st half of 2019: EUR 1,275.5 million). At EUR 122.5 million, the operating result was 1.2% or EUR 1.5 million below the previous year's figure (1st half of 2019: EUR 124.0 million) and includes expenses from the termination agreement with the former CEO in the amount of EUR -8.6 million, which were booked in equal parts in the divisions. Depreciation and amortization increased from EUR 67.6 million to EUR 89.2 million, which includes market-related impairments in the long-term assets of both divisions in the amount of EUR 20.9 million. The Group's operating margin remained unchanged at 9.7% (1st half of 2019: 9.7%). The profit for the period decreased accordingly by 8.0% to EUR 84.9 million (1st half of 2019: EUR 92.3 million).