MM Group Results for the 1st Half-Year 2024

  • Q2 ahead of Q2 2023
  • Half-year financial results below previous year due to pricing
  • Cash flow significantly improved
  • Strong volume increase in Board & Paper
  • For more transparency Packaging from now on reported as two divisions: MM Food & Premium Packaging and MM Pharma & Healthcare Packaging
  • Solid performance in Packaging divisions
  • Considerable reduction of carbon footprint vs. 1st HY 2023

Peter Oswald, MM CEO, comments: “The MM Group succeeded in improving its adjusted EBITDA and adjusted operating profit in the 2nd quarter compared to both the previous two quarters as well as last year’s 2nd quarter. The consistent execution of the profit & cash protection programme led to a significant increase in cash flow from operating activities and free cash flow. At the same time, the Group’s financial leverage remained largely constant.
details at: https://www.mm.group/fileadmin/user_upload/Media_Library_MMAG/Newsroom/2024/MM_Results_for_the_1st_Half-Year_2024.pdf

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