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

EQS-News: Mayr-Melnhof Karton AG / Key word(s): 9 Month figures
   Mayr-Melnhof Karton AG: MM Trading Statement for the first three quarters
   of 2026

   05.11.2026 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • Positive earnings development in Packaging more than offset by decline
       in Board & Paper
     • Fit-For-Future programme partly mitigates ongoing cost and market
       pressure

   Group Key indicators - IFRS

   (consolidated, in millions of EUR) Q1-3/2026 Q1-3/2025     +/-
   Sales                                2,774.7   2,979.5  -6.9 %
   Adjusted EBITDA                        259.1     320.3 -19.1 %
   Adjusted operating profit               93.0     151.9 -38.8 %
   Adjusted EBITDA margin (%)             9.3 %    10.7 % -141 bp
   Adjusted operating margin (%)          3.4 %     5.1 % -175 bp

   Group Key indicators (excl. TANN Group)

   (consolidated, in millions of EUR) Q1-3/2026 Q1-3/2025     +/-
   Sales                                2,774.7   2,890.8  -4.0 %
   Adjusted EBITDA                        259.1     297.4 -12.9 %
   Adjusted operating profit               93.0     129.1 -28.0 %
   Adjusted EBITDA margin (%)             9.3 %    10.3 %  -95 bp
   Adjusted operating margin (%)          3.4 %     4.5 % -112 bp

   As expected, the MM Group recorded a heterogeneous earnings development in
   the first three quarters. While the Food & Premium Packaging and Pharma &
   Healthcare Packaging divisions exceeded the previous year's adjusted
   EBITDA on a like-for-like basis excl. TANN, earnings in the Board & Paper
   division were, as expected, lower despite slightly higher volumes and
   capacity utilisation, which resulted also in a decline in the Group’s
   earnings. In addition to persistently intense competition accompanied by
   strong pricing pressure, margin pressure in Board & Paper was further
   intensified by significantly higher energy, transportation and chemicals
   costs resulting from the conflict in the Middle East. In addition, the
   planned annual maintenance standstills at the virgin fibre-based
   cartonboard and paper mills MM Kwidzyn and MM Kotkamills weighed on
   earnings in the 3^rd quarter.

   However, substantial progress of the Fit-For-Future programme enabled all
   divisions to partly mitigate ongoing cost and market pressures and further
   strengthen competitiveness.

   The planned acquisition of the Arnsberg cartonboard mill will represent
   another important step in strengthening our core cartonboard business and
   unlock attractive synergy potential.

   INCOME STATEMENT
   (The comparison with the first three quarters of 2025, incl. TANN, is
   limited meaningful.)

   Pro forma excl. TANN, the Group’s adjusted EBITDA and adjusted EBITDA
   margin of EUR 259.1 million and 9.3 % were below the previous year's
   levels (Q1-3 2025: EUR 297.4 million; 10.3 %), primarily due to the
   developments in the Board & Paper division. Adjusted operating profit
   decreased from EUR 129.1 million to EUR 93.0 million, with an adjusted
   operating margin of 3.4 % (Q1-3 2025: 4.5 %). One-off effects from
   expenses related to the Fit-For-Future programme amounted to around EUR 40
   million and affected all divisions. At EUR 2,774.7 million, the Group's
   consolidated sales were 4.0 % below the previous year’s figure (Q1-3 2025:
   EUR 2,890.8 million). This decline was primarily attributable to the Food
   & Premium Packaging and Board & Paper divisions.

   Year-on-year incl. TANN, adjusted EBITDA decreased to EUR 259.1 million
   (Q1-3 2025: EUR 320.3 million), mainly following the deconsolidation of
   TANN Group at the beginning of June last year and the lower contribution
   from Board & Paper. The adjusted EBITDA margin was 9.3 % (Q1-3 2025: 10.7
   %). Adjusted operating profit came in at EUR 93.0 million (Q1-3 2025: EUR
   151.9 million) and the adjusted operating margin was 3.4 % (Q1-3 2025: 5.1
   %). One-off effects from expenses related to the Fit-For-Future programme
   amounted to around EUR 40 million and affected all divisions. At EUR
   2,774.7 million, consolidated sales were below the previous year's figure,
   primarily due to the divestment (Q1-3 2025: EUR 2,979.5 million).

   OUTLOOK
   Demand in Packaging is picking up, with Pharma & Healthcare Packaging
   recording accelerating growth, particularly in GLP-1. In Board & Paper,
   persistent market overcapacity, albeit reduced by the exit of a peer,
   continues to constrain the full pass-through of sharply rising energy
   costs, resulting in sustained margin pressure despite positive
   contributions from the Fit-For-Future programme.

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

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

   Forthcoming results:
   March 16, 2027   Annual 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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   05.11.2026 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)
   LEI Code:    5299001AMHDLKUM80611
   EQS News ID: 2427820


    
   End of News EQS News Service


   2427820  05.11.2026 CET/CEST

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