(Updates with additional outlook commentary, revenue and EBIT results,
analyst consensus)
VIENNA (Thomson Financial) - Mayr-Melnhof Karton AG said its net income was
up 8.7 pct at 116.6 mln eur in 2007, as the company benefited from the general
macro-economic strength in its regions, expanded market share and its ability to
largely offset higher input costs through raised product prices.
In earnings released this morning, Mayr-Melnhof said it will propose a
full-year dividend of 1.70 eur a share, compared to 1.40 eur in 2006.
Mayr-Melnhof said that it cannot currently provide a profit estimate for
2008 due to the "limited forecast horizon".
Unchanged high costs and demand-driven price pressure will characterize
business operations during the first half of 2008, the group said.
Mayr-Melnhof added that market share and productivity gains, as well as
selective capacity adjustments for its cartonboard mills, should support the
overall profitability of its business operations in 2008.
In its earnings release, the company said its full-year operating profit was
up 6.8 pct at 169.4 mln eur, while its revenues were 14.8 pct higher at 1.737
bln eur.
While Mayr-Melnhof's bottom line came in marginally below the consensus of
domestic analysts, both its revenues and EBIT figures managed to slightly beat
expectations.
peter.klopf@thomson.com
pkl/lam
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