Mayr-Melnhof Karton AG Reports Q1 2026 Trading Statement

Mayr-Melnhof Karton AG announced its trading statement for the first quarter of 2026, highlighting stable earnings on a pro forma basis despite challenging market conditions. Sales reached EUR 927.5 million, reflecting an 11% drop from the prior year's figures, primarily due to divesting the TANN Group. The adjusted EBITDA stood at EUR 104.1 million, marking a 12.7% decline, while the adjusted operating profit decreased by 19.4% to EUR 49.1 million.

Excluding TANN, the company's consolidated sales decreased by 5.9%. Nonetheless, adjusted EBITDA and the operating profit showed resilience, with the latter rising by 5.6% due to strong performance in Pharma & Healthcare Packaging. Geopolitical tensions, particularly in the Middle East, present a significant earnings risk, impacting energy and transportation costs. However, the Fit-For-Future programme has effectively mitigated these pressures, showcasing considerable operational improvements.