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Stock market: Mayr-Melnhof with weak numbers - ATX starts moderately in positive territory
Current pre-market forecast for the Vienna stock market: Mayr-Melnhof in focus after quarterly figures. ATX shows a slight upward trend. Learn more! #stock market #stock market #MayrMelnhof #ATX
Stock market: Mayr-Melnhof with weak numbers - ATX starts moderately in positive territory
The Vienna stock market is expected to have a good start to trading on Tuesday. An indication for the domestic ATX suggests an increase of 0.04 percent about 15 minutes before the start of the session. A moderate increase is also expected on other stock exchanges in Europe.
The focus is likely to be on Mayr-Melnhof after the publication of figures on Tuesday. The listed cardboard manufacturer continues to struggle with stagnating consumer spending on everyday goods. In the first quarter of 2023, the MM Group recorded a decline in sales of 8.7 percent compared to the same quarter of the previous year to 1.025 billion euros, with net profit even lower by 68.8 percent to 10.9 million euros than in the previous year.
The day before, the ATX closed 0.49 percent higher at 3,554.19 points. AT&S (plus 7.7 percent) and Lenzing (plus 4.7 percent) were particularly in demand.
The biggest price winners in the prime market on Monday were AT&S with an increase of 7.70% to 19.58 euros, followed by Lenzing with an increase of 4.73% to 31.00 euros and Raiffeisen Bank International with an increase of 2.68% to 17.64 euros.
The biggest price losers in the prime market on Monday were Warimpex with a loss of 5.00% to 0.72 euros, Rosenbauer with a decline of 4.25% to 29.30 euros and s Immo with a loss of 3.41% to 17.00 euros.