Brief: Mayr Melnhof Karton: Q423 Consolidated Sales Of Eur 967.9 Mln

Mayr-Melnhof Karton AG

12/03/2024 07:05

March 12 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * MM REPORTS ANNUAL RESULTS 2023
    * DIVIDEND OF EUR 1.50 PROPOSED IN LINE WITH LONG-STANDING
DIVIDEND POLICY
    * CAPEX VOLUME OF AROUND EUR 300 MILLION EXPECTED FOR 2024
    * POSITIVE VOLUME TREND FOR MM BOARD & PAPER AT BEGINNING OF
2024,
HOWEVER PRESSURE ON MARGINS IS CONTINUING
    * EXPECT ONLY A SLOW MARKET RECOVERY DUE TO WEAK ECONOMIC
SITUATION IN EUROPE AND CONTINUED RESTRAINED CONSUMER SPENDING
    * RECENT INCREASES IN PRODUCTION COSTS WILL BE PASSED ON
THROUGH
CORRESPONDING PRICE ADJUSTMENTS
    * NET DEBT TO EUR 1,261.9 MILLION IN REPORTING YEAR
(DECEMBER 31,
2022: EUR 1,481.5 MILLION)
    * 2023 GROUP'S OPERATING MARGIN WAS THEREFORE 5.5 % (2022:
12.0 %)
AND RETURN ON CAPITAL EMPLOYED WAS 6.5 % (2022: 17.9 %)
    * PROFIT FOR YEAR TOTALLED EUR 89.1 MILLION (2022: EUR 345.3
MILLION)
    * Q423 CONSOLIDATED SALES OF EUR 967.9 MILLION WERE VOLUME-
AND
PRICE-RELATED BELOW LAST YEAR'S PERIOD (4^TH QUARTER 2022: EUR
1,231.7 MILLION)
    * Q423 ADJUSTED OPERATING PROFIT DECREASED MAINLY
PRICE-RELATED TO
EUR 38.8 MILLION (4^TH QUARTER 2022: EUR 109.1 MILLION)
    * Q423 OPERATING MARGIN WAS 4.0 % (4^TH QUARTER 2022: 8.9 %)
    * Q423 PROFIT BEFORE TAX AMOUNTED TO EUR 17.8 MILLION (4^TH
QUARTER 2022: EUR 50.2 MILLION)
    * Q423 PROFIT FOR PERIOD TO EUR -2.1 MILLION (4^TH QUARTER
2022:
EUR 30.0 MILLION)

Source text for Eikon:  ID:nEQ5sSdhva 
Further company coverage:  MMKV.VI 

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