Austria's Mayr-Melnhof Karton Q1 sales fall on TANN sale, warns of Middle East impact

Mayr-Melnhof Karton AG

28/04/2026 06:59

Overview

Austria packaging producer's Q1 sales fell 11% yr/yr, mainly due to TANN sale

Pro forma Q1 sales down 5.9%, adjusted EBITDA nearly flat, operating profit up 5.6%

Company cites cost pressures from geopolitical risks, mitigated by Fit-For-Future programme

Outlook

Company expects subdued demand and intense competition to persist throughout 2026

Company sees increased cost pressure from geopolitical tensions, especially in energy and chemicals

Mayr-Melnhof Karton says Fit-For-Future programme is progressing faster than planned

Result Drivers

COST PRESSURE - Co said significant cost pressures, especially from energy, transportation and chemicals due to Middle East tensions, negatively impacted results

COST REDUCTIONS - Operational progress and cost discipline under Fit-For-Future programme helped mitigate market and cost challenges

PHARMA & HEALTHCARE PACKAGING - Earnings growth in Pharma & Healthcare Packaging division supported group operating profit

Company press release: ID:nEQ3hGHlda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 927.50 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 12% above its April 27 closing price of €85.30

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

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(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.)