Austria's Mayr-Melnhof Karton 2025 sales miss estimates, hurt by TANN Group sale

Mayr-Melnhof Karton AG

17/03/2026 06:56

Overview

Austria cartonboard packaging firm's 2025 sales fell 4.8% and missed analyst expectations

Adjusted operating profit rose 2.8%, driven by cost savings and transformation programme

Profit for the year dropped 30%, mainly due to higher tax expense

Outlook

Company expects 2026 investments at around EUR 250 mln, focusing on competitiveness and renewables

Annual maintenance standstills in Board & Paper division scheduled for Q3 and Q4, expenses estimated at EUR 40 mln

Company expects challenging market conditions in 2026 due to subdued private consumption in Europe, geopolitical uncertainties

Result Drivers

COST SAVINGS - Adjusted operating profit improvement was mainly driven by cost savings in the Board & Paper division

TRANSFORMATION PROGRAMME - Group-wide Fit-For-Future programme contributed EUR 70 mln to adjusted operating profit in 2025

DIVESTMENT IMPACT - Decline in sales mainly due to the sale of TANN Group at the beginning of June

Company press release: ID:nEQ1Vf8j2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Miss
EUR 3.89 bln
EUR 3.95 bln (3 Analysts)
FY EPS
EUR 3.86
FY Profit for period
EUR 77 mln
FY Pretax Profit
EUR 145.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the paper packaging peer group is "buy"

Wall Street's median 12-month price target for Mayr-Melnhof Karton AG is €95.50, about 4.5% above its March 16 closing price of €91.40

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)