The Group's consolidated sales went up to EUR 592.1 million and were thus 1.3 % above the comparative figure of the previous year (1Q 2017: EUR 584.5 million). The slight increase results from both divisions. Operating profit at EUR 57.1 million was 12.8 % or EUR 6.5 million above the previous year’s value (1Q 2017: EUR 50.6 million). A rise at the cartonboard division contrasted with a decline at the packaging division. The Group's operating margin reached 9.6 %, following 8.7 % in the first three months of 2017. Click Read More below for additional information.
Total packaging papers & specialty packaging shipments in May increased five percent compared to May 2020. They were up two percent when compared to the same five months of 2020.
The operating rate was 87.6 percent, up 7.3 points from May 2020 and up 5.6 points year-to-date.
Mill inventories at the end of May decreased 2,000 short tons from the previous month and were up 3,000 short tons compared to May 2020.