Mayr-Melnhof Karton AG Reports Steady Half-Year Results for 2026

Mayr-Melnhof Karton AG (MM) announced its half-year financial results for 2026, revealing a steady performance amid challenging market conditions. Adjusted EBITDA nearly matched the previous year's level, with a reported EUR 200.2 million, reflecting a stable adjusted EBITDA margin of 10.8%. The Fit-For-Future programme contributed EUR 105 million in the first half of 2026, compensating for lower prices in the Board & Paper division.

Significant growth was observed in the Pharma & Healthcare Packaging sector, with adjusted EBITDA up by 14%. Meanwhile, the group recorded a 19% decline in the Board & Paper division's adjusted EBITDA. Despite these variances, MM's strategic initiatives have bolstered operational efficiency and cost competitiveness, leading to a raised 2027 profit target beyond EUR 330 million.

Looking ahead, MM anticipates persistent subdued demand but expects mitigation through continued execution of the Fit-For-Future programme and prospective synergy from the acquisition of the Arnsberg cartonboard mill.