EQS-News: Mayr-Melnhof Karton AG: MM Trading Statement for the first quarter of 2026

EQS-News: Mayr-Melnhof Karton AG / Key word(s): Quarter Results
   Mayr-Melnhof Karton AG: MM Trading Statement for the first quarter of 2026

   28.04.2026 / 07:50 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   For efficiency reasons and to accelerate reporting, disclosures for the
   1^st and 3^rd quarters will from now on be made exclusively through a
   trading statement.

     • Stable earnings development (excl. TANN) despite challenging market
       conditions
     • Significant cost and earnings pressure from geopolitical risks
     • Effective mitigation through Fit-For-Future programme

   Group Key indicators - IFRS

   (consolidated, in millions of EUR) Q1/2026 Q1/2025     +/-
   Sales                                927.5 1,042.6 -11.0 %
   Adjusted EBITDA                      104.1   119.3 -12.7 %
   Adjusted operating profit             49.1    61.0 -19.4 %
   Adjusted EBITDA margin (%)          11.2 %  11.4 %  -22 bp
   Adjusted operating margin (%)        5.3 %   5.8 %  -55 bp

   Pro forma Group Key indicators (excl. TANN Group)

   (consolidated, in millions of EUR) Q1/2026 Q1/2025    +/-
   Sales                                927.5   986.1 -5.9 %
   Adjusted EBITDA                      104.1   104.8 -0.7 %
   Adjusted operating profit             49.1    46.5 +5.6 %
   Adjusted EBITDA margin (%)          11.2 %  10.6 % +59 bp
   Adjusted operating margin (%)        5.3 %   4.7 % +58 bp

   In a persistently challenging market environment marked by intense
   competitive pressure and subdued consumer demand, the MM Group succeeded
   in the 1^st quarter of 2026 in maintaining earnings on a pro forma basis,
   excl. the divested TANN Group, at the previous year’s level. (The
   comparison with the reported 1^st quarter of 2025, incl. TANN, is of
   limited relevance.) Overall, the pricing and volume environment proved
   more challenging than in the 4^th quarter of 2025. In addition, from March
   onwards, significant cost pressures arising from the recent escalations in
   the Middle East had a negative impact, particularly affecting energy, but
   also transportation and chemicals. This gives rise to earnings risks for
   the full year, especially as the industry is characterised by structural
   overcapacity and intense competition. These challenges were, however,
   mitigated across the Group by substantial operational progress achieved
   under the Fit-For-Future programme.

   MM Food & Premium Packaging succeeded to maintain its adjusted operating
   margin at a solid level despite lower sales volumes, supported by
   consistent cost reductions.

   MM Pharma & Healthcare Packaging achieved an encouraging year-on-year
   improvement in earnings, driven in particular by efficiency gains.

   MM Board & Paper was able to secure prior‑year volumes in a challenging
   market environment, thereby achieving a high level of machine utilisation.
   Thus earnings were slightly above the previous year’s level despite lower
   sales.

   INCOME STATEMENT
   (The comparison with the reported 1^st quarter of 2025, incl. TANN, is
   limited.)

   At EUR 927.5 million, the Group’s consolidated sales were lower than the
   previous year’s figure (Q1 2025: EUR 1,042.6 million), primarily due to
   the sale of TANN. Adjusted EBITDA amounted to EUR 104.1 million (Q1 2025:
   EUR 119.3 million), the adjusted EBITDA margin came in at 11.2 % (Q1 2025:
   11.4 %). Adjusted operating profit decreased to EUR 49.1 million (Q1 2025:
   EUR 61.0 million) following the deconsolidation of TANN at the beginning
   of June last year. The Group’s adjusted operating margin was 5.3 % (Q1
   2025: 5.8 %).

   Excluding TANN, the Group’s consolidated sales of EUR 927.5 million were
   5.9 % below the previous year’s figure (Q1 2025: EUR 986.1 million). This
   decline resulted primarily from the Food & Premium Packaging and Board &
   Paper divisions. Adjusted EBITDA and adjusted EBITDA margin amounted to
   EUR 104.1 million and 11.2 %, respectively, and were in line with the
   previous year’s level (Q1 2025: EUR 104.8 million; 10.6 %). Adjusted
   operating profit rose by 5.6 % to EUR 49.1 million (Q1 2025: EUR 46.5
   million), mainly due to earnings growth in Pharma & Healthcare Packaging.
   The adjusted operating margin was 5.3 % (Q1 2025: 4.7 %).

   OUTLOOK
   The year 2026 continues to be characterised by a challenging market
   environment with subdued demand, structural overcapacity and intense
   competition. In addition, geopolitical tensions, particularly in the
   Middle East, are increasing uncertainty and exerting noticeable cost
   pressure on energy, transportation and chemicals, giving rise to
   considerable earnings risks for the full year. At the same time, the
   Group-wide Fit-For-Future programme is showing markedly stronger progress
   than initially planned, supported by a substantial pipeline of measures,
   particularly in the areas of fixed costs, efficiency, process
   harmonisation and structural adjustments. Our objective is to create
   sustainable value over the medium to long term, even in a persistently
   difficult market environment, through operational excellence, rigorous
   cost discipline and the competitive positioning of our sites and business
   models.

   -----------------------------

   Please find the detailed Trading Statement on our website: www.mm.group.

   Forthcoming results:
   August 20, 2026   Half-Year Results 2026

   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: [email protected], Website: www.mm.group

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   28.04.2026 CET/CEST This Corporate News was distributed by [1]EQS Group

   View original content: [2]EQS News

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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:      [email protected]
   Internet:    www.mm.group
   ISIN:        AT0000938204
   WKN:         93820
   Indices:     ATX
   Listed:      Regulated Unofficial Market in Frankfurt (Basic Board),
                Munich, Stuttgart, Tradegate BSX; Vienna Stock Exchange
                (Official Market)
   EQS News ID: 2316076


    
   End of News EQS News Service


   2316076  28.04.2026 CET/CEST

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