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Mayr Melnhof Karton AG
VSE:MMK

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Mayr Melnhof Karton AG
VSE:MMK
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Price: 96 EUR 1.05% Market Closed
Market Cap: 1.9B EUR

Mayr Melnhof Karton AG
Investor Relations

Mayr Melnhof Karton AG, an Austrian heavyweight in the paper and packaging industry, traces its roots back to the late 19th century. From its modest beginnings as a cardboard manufacturer, it has grown into Europe’s leading producer of coated recycled cartonboard and a significant player in the folding carton sector. The company's journey is a testament to the power of strategic acquisitions and organic growth, effectively expanding its footprint beyond Austria to encompass several key European markets and, more recently, markets beyond the continent. At its core, Mayr Melnhof Karton integrates sustainability into its operations, reflecting a longstanding recognition of the importance of recycling and efficient resource use.

The company generates its revenues primarily by producing and converting cartonboard, tailored to a broad range of industries including food, personal care, and pharmaceuticals. For producers of goods in these industries, cartons not only provide a medium for branding and differentiation but also ensure product safety and compliance with regulations. By continually investing in technology and innovation, Mayr Melnhof Karton enhances its product offerings to meet the evolving needs of its customers. This ability to adapt, paired with strategic positioning across the value chain from raw material sourcing to finished products, allows it to maintain strong margins and deliver consistent value to shareholders. Through a combination of shrewd business acumen and a commitment to environmental stewardship, Mayr Melnhof Karton charts a course through the ever-changing landscape of the global packaging industry.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 21, 2025
AI Summary
Q2 2025

Profit Growth: MM Group reported higher first half and Q2 results compared to last year, which is unusual in a weak industry market.

Cost Savings Target: Management launched the 'Fit for Future' program, aiming for over EUR 150 million in sustainable cost improvements by 2027, equal to about 5% of their cost base.

TANN Divestment: The sale of noncore business TANN brought a one-time windfall of EUR 127 million, boosting financial flexibility.

Market Weakness: Persistent overcapacity continues in Board and Paper, with only marginal improvement despite some mill closures.

Guidance Approach: Management is not counting on market improvements and expects results to improve through internal actions rather than external recovery.

Phased Savings: Cost savings will phase in gradually, with EUR 20 million already realized in 2024 and more to come each half year.

Limited Restructuring: No major restructuring or extraordinary costs are expected for 2024; future actions depend on market development.

Key Financials
Cost Savings Target
Over EUR 150 million by 2027
TANN Divestment Windfall
EUR 127 million
Factoring Level
EUR 350 million
CapEx Guidance
Below EUR 250 million in 2024
First Half 2024 Cost Savings Achieved
EUR 20 million
Other Earnings Calls

Management

Mr. Peter Josef Oswald
CEO & Chairman of the Management Board
No Bio Available
Magistrate Franz J. Hiesinger
CFO & Member of the Management Board
No Bio Available
Roman Billiani
Member of Management Board
No Bio Available
Mr. Stephan Sweerts-Sporck
Head of Investor Relations & Corporate Communications
No Bio Available

Contacts

Address
WIEN
Wien
Brahmsplatz 6
Contacts