Mayr-Melnhof Karton AG (XTER:MYM)
€ 72 1 (1.41%) Market Cap: 1.54 Bil Enterprise Value: 2.83 Bil PE Ratio: 30.00 PB Ratio: 0.70 GF Score: 74/100
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Q3 2023 Mayr Melnhof Karton AG Pre-Recorded Earnings Call Transcript

Nov 07, 2023 / 07:00AM GMT
Release Date Price: €114.4 (-0.35%)
Unidentified Analyst

Welcome, ladies and gentlemen, to the audio webcast on the Mayr-Melnhof Group interim results for the first 3 quarters of '23. I have the pleasure to have the company's CEO, Peter Oswald, with me for some firsthand information.

Questions & Answers

Unidentified Analyst

Peter, could you please share with us your initial reflections regarding Q3 results?

Peter Josef Oswald
Mayr-Melnhof Karton AG - CEO & Chairman of the Management Board

Yes. If we start with the markets and look to our board and paper division, we saw sales volumes continuing at a low level and with declining sales prices. And in our packaging division, we saw on a lower scale also declining sales volumes, but prices held up fairly well. On top, if we look at our results, we should forget that our mill in Kolicevo in Slovenia was stopped by the flooding in Slovenia and then for the rebuild.

And I'm very pleased to say that despite this difficult environment, MM's Q3 operating profit came in above Q2, thanks to a strong

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