Mayr Melnhof Karton : MM Syndicate CEO Presentation Jan. 18, 2023
January 18, 2023 at 06:40 am EST
Share
2022 - Good progress in a turbulent
environment
MM Syndicate Meeting January 18, 2023
W W W . M M . G R O U P
1
Successful implementation of the transformation strategy
Sustainable improvement of competitiveness through important milestones in 2022
Number and severity of occupational accidents significantly reduced
The strategic acquisitions of the cartonboard and paper mills MM Kwidzyn and MM Kotkamills (August 2021) and Eson Pac have significantly exceeded the expectations of the business plan
Growth investments in Deeside (UK), Bydgozszc (Poland), Neupack (Austria) and Romania were successfully implemented
The acquisition of Essentra Packaging (October 2022) creates a platform for growth and more resilience for MM Packaging
Successful pass-through of raw material and energy costs
Divestment of the Russian plants for € 134 million
Strengthening of leadership team at MM Packaging
MM Transformation & Outlook
Syndicate January 18, 2023
2
Laying the foundation for further profit growth
Overview of the most important targets and challenges in 2023
Implementation of strategic investments in MM Frohnleiten, MM Neuss, MM Kolicevo and MM Kotkamills including photovoltaic systems within the scope of the budget
Preparation of a strategic investment in MM Kwidzyn
Construction of a new plant within Beauty & Personal Care in Poland
Sales increase in MM Board & Paper, mainly through new barrier board solutions, and in Packaging, mainly through innovative solutions
Achieve the business plan for the Essentra Packaging acquisition and higher organic growth in Pharma & Healthcare
Realize growth and productivity gains in Food & Specialities as a result of the implemented growth investments in 2022
Headwinds for 2023 results:
Rebuilds at 3 cartonboard machines with long downtimes
Weak order situation for board and paper
Loss of profit contribution from the Russia business and low profit contribution of Essentra Packaging in 2023 according to business plan
Pass-throughof increasing fixed costs is difficult during recessions
MM Transformation & Outlook
Syndicate January 18, 2023
3
W W W . M M . G R O U P
MM Transformation & Outlook
Syndicate January 18, 2023
4
Attachments
Original Link
Original Document
Permalink
Disclaimer
Mayr-Melnhof Karton AG published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 11:39:05 UTC.
Mayr-Melnhof Karton AG is Europe's leading producer of cardboard and cardboard boxes. Net sales break down by product family as follows:
- cardboard and paper (53.7%): 2,433 Kt produced, broken down between recycled fiber-based board (1,217 Kt; No. 1 worlwide), virgin fiber-based board (634 Kt) and papers (582 Kt). At the end of 2022, the group had 6 plants located in Europe;
- cardboard boxes (46.3%): 4,056 million m2 produced in 2022 through 65 production sites worldwide.
Net sales are distributed geographically as follows: Austria (1.8%), Germany (17.2%), Poland (14.6%), France (9%), the United Kingdom (6.8%), Europe (30.8%), the Americas (5.1%) and other (14.7%).