Mayr Melnhof Karton AG
VSE:MMK
| US |
|
Johnson & Johnson
NYSE:JNJ
|
Pharmaceuticals
|
| US |
|
Berkshire Hathaway Inc
NYSE:BRK.A
|
Financial Services
|
| US |
|
Bank of America Corp
NYSE:BAC
|
Banking
|
| US |
|
Mastercard Inc
NYSE:MA
|
Technology
|
| US |
|
UnitedHealth Group Inc
NYSE:UNH
|
Health Care
|
| US |
|
Exxon Mobil Corp
NYSE:XOM
|
Energy
|
| US |
|
Pfizer Inc
NYSE:PFE
|
Pharmaceuticals
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
Technology
|
| US |
|
Nike Inc
NYSE:NKE
|
Textiles, Apparel & Luxury Goods
|
| US |
|
Visa Inc
NYSE:V
|
Technology
|
| CN |
|
Alibaba Group Holding Ltd
NYSE:BABA
|
Retail
|
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
Banking
|
| US |
|
Coca-Cola Co
NYSE:KO
|
Beverages
|
| US |
|
Walmart Inc
NYSE:WMT
|
Retail
|
| US |
|
Verizon Communications Inc
NYSE:VZ
|
Telecommunication
|
| US |
|
Chevron Corp
NYSE:CVX
|
Energy
|
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
70
96
|
| Price Target |
|
We'll email you a reminder when the closing price reaches EUR.
Choose the stock you wish to monitor with a price alert.
|
Johnson & Johnson
NYSE:JNJ
|
US |
|
Berkshire Hathaway Inc
NYSE:BRK.A
|
US |
|
Bank of America Corp
NYSE:BAC
|
US |
|
Mastercard Inc
NYSE:MA
|
US |
|
UnitedHealth Group Inc
NYSE:UNH
|
US |
|
Exxon Mobil Corp
NYSE:XOM
|
US |
|
Pfizer Inc
NYSE:PFE
|
US |
|
Palantir Technologies Inc
NYSE:PLTR
|
US |
|
Nike Inc
NYSE:NKE
|
US |
|
Visa Inc
NYSE:V
|
US |
|
Alibaba Group Holding Ltd
NYSE:BABA
|
CN |
|
JPMorgan Chase & Co
NYSE:JPM
|
US |
|
Coca-Cola Co
NYSE:KO
|
US |
|
Walmart Inc
NYSE:WMT
|
US |
|
Verizon Communications Inc
NYSE:VZ
|
US |
|
Chevron Corp
NYSE:CVX
|
US |
This alert will be permanently deleted.
Mayr Melnhof Karton AG
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.
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.
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.