Mayr-Melnhof Karton AG: Trading Statement for First Three Quarters of 2026

Mayr-Melnhof Karton AG reported a mixed financial performance for the first nine months of 2026. The Packaging division showed positive earnings, yet was overshadowed by a decline in the Board & Paper division, affected by increased energy and transportation costs due to Middle East conflicts. Group sales totaled EUR 2,774.7 million, a 6.9% decrease from the prior year.

The company's ongoing Fit-For-Future program partially countered market and cost pressures, as demonstrated in an adjusted EBITDA of EUR 259.1 million, down from EUR 320.3 million before. Operating profit also fell, standing at EUR 93.0 million.

Despite these challenges, growth is expected, particularly in Pharma & Healthcare Packaging, offset by persistent margin pressures in Board & Paper due to market overcapacity. The strategic acquisition of Arnsberg cartonboard mill aims to strengthen MM's core business.