MM Group results for the first half of 2023
At EUR 2,181.4 million, the consolidated sales of the group were slightly below the previous year's figure (H1 2022: EUR 2,218.5 million). A decrease in the MM Board & Paper division, which was mainly due to volume, was offset by an increase in the MM Packaging division due to acquisitions and prices. The operating result fell by EUR 181.0 million from EUR 285.0 million to EUR 104.0 million. This decline is mainly due to extensive shutdowns at MM Board & Paper due to market and remodeling. The Group's operating margin was therefore 4.8% (H1 2022: 12.8%). The profit for the period fell from EUR 205.8 million to EUR 63.3 million.