EQS-News: Mayr-Melnhof Karton AG / Key word(s): Quarter Results
Mayr-Melnhof Karton AG: MM reports results for the first quarter of 2025
29.04.2025 / 08:00 CET/CEST
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• Significant earnings increase compared with previous year’s 1^st
quarter
• Demand remains soft
• MM focuses on cost, technology and innovation leadership
Group Key indicators - IFRS
Consolidated, in millions of EUR Q1/2025 Q1/2024 +/-
Sales 1,042.6 1,025.0 +1.7 %
Adjusted EBITDA 119.3 94.5 +26.2 %
Adjusted operating profit 61.0 39.6 +53.7 %
Adjusted operating margin (in %) 5,8 % 3.9 % +198 bp
Profit before tax 31.8 18.0 +76.4 %
Profit for the period 21.1 10.9 +94.1 %
Earnings per share (in EUR) 1.04 0.52 +99.8 %
Cash flow from operating activities (128.2) 52.5 n.m.
Free cash flow (183.5) (38.5) n.m.
Peter Oswald, MM CEO, comments: “The MM Group recorded a significant
increase in earnings in the 1^st quarter of 2025 compared with the 1^st
quarter of the previous year. The market situation and volume development
were selectively slightly better than in the 4^th quarter, but without any
noticeable upturn and with persistent margin pressure.
MM Food & Premium Packaging achieved a consistently strong performance due
to productivity increases and cost reductions.
MM Pharma & Healthcare Packaging recorded market demand at the previous
year's level during the 1^st quarter, though earnings came in lower.
MM Board & Paper improved its earnings significantly compared with the
weak prior-year figure. While capacity utilisation remained steady, the
price level presented a heterogeneous picture. “
“In view of the continuing weak overall economic situation, we will
further strengthen our competitiveness by reducing costs while increasing
quality, sustainability and innovative strength.“, underlines Oswald.
INCOME STATEMENT
At EUR 1,042.6 million, the Group’s consolidated sales were slightly above
the previous year's figure (Q1 2024: EUR 1,025.0 million).
Adjusted operating profit rose by EUR 21.4 million from EUR 39.6 million
to EUR 61.0 million. This increase resulted from the divisions MM Board &
Paper and MM Food & Premium Packaging. The Group’s adjusted operating
margin was 5.8 % (Q1 2024: 3.9 %).
Financial income amounted to EUR 3.4 million (Q1 2024: EUR 6.6 million).
The decline in financial expenses from EUR -21.4 million to EUR -15.9
million resulted in particular from a lower interest level for
variable-interest financing. “Other financial result - net” changed from
EUR -6.8 million to EUR -11.2 million, mainly owing to currency
translations.
Profit before tax reached EUR 31.8 million after EUR 18.0 million in the
previous year. Income tax expense amounted to EUR 10.7 million (Q1 2024:
EUR 7.1 million), resulting in an effective Group tax rate of 33.6 % (Q1
2024: 39.6 %).
Profit for the period increased accordingly from EUR 10.9 million to EUR
21.1 million.
OUTLOOK
Against the backdrop of the weak demand situation and high uncertainty, we
expect market conditions to remain difficult in the near term. Our top
priority is therefore to consistently strengthen the MM Group's
competitiveness by pursuing cost, technology and innovation leadership.
Our comprehensive efficiency improvement programs and optimisation
measures are well on track and provide MM with stability and support even
in a challenging environment. We still expect the sale of TANN Group to be
completed in the 1^st half of 2025.
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Please find the detailed Press Release and the Report for the first
quarter of 2025 as well as the CEO Audio-Q&A-Webcast on our website:
www.mm.group.
Forthcoming results:
August 21, 2025 Half-Year Results 2025
For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations, Mayr-Melnhof Karton AG
Brahmsplatz 6, A-1040 Vienna
Tel.: +43 1 501 36-91180
E-Mail: investor.relations@mm.group, Website: www.mm.group
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29.04.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart, Tradegate Exchange; Vienna Stock
Exchange (Official Market)
EQS News ID: 2125786
End of News EQS News Service
2125786 29.04.2025 CET/CEST
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