Mayr-Melnhof Karton AG Reports Annual Results for 2024

Mayr-Melnhof Karton AG (MM) has released its 2024 annual results, navigating a challenging environment. Sales slightly decreased by 2% to EUR 4,079.6 million, while adjusted EBITDA saw a 7% decline to EUR 418.5 million. Despite a decrease in adjusted operating profit by 17.1% to EUR 190.0 million, earnings per share increased by 24.1% to EUR 5.41, reflecting a successful profit & cash protection program.

The MM Food & Premium Packaging division achieved solid performance, yet realized lower profitability. MM Pharma & Healthcare experienced a decline in volume from weaker demand. Meanwhile, MM Board & Paper faced lower average prices and increased costs, resulting in an operating loss.

Notably, MM significantly reduced CO2 emissions by 35%, aligning with its sustainability goals. A dividend increase of 20% to EUR 1.80/share reflects earnings growth. The outlook remains cautious, focusing on improving competitiveness through cost, technology, and innovation leadership.