At Euro 4,079.6 million, the Mayr-Melnhof (MM) Group's consolidated sales 2024 were slightly below the previous year's figure (2023: Euro 4,164.4 million) by 2.0 % or Euro 84.8 million. A significant volume increase at MM Board & Paper was offset primarily by lower average prices in the MM Food & Premium Packaging and MM Board & Paper divisions.

The decline in adjusted operating profit to Euro 190.0 million after Euro 229.2 million in 2023 was mainly caused by the division MM Food & Premium Packaging. The Group's adjusted operating margin therefore was 4.7 % and the return on capital employed reached 5.6 %. Adjusted EBITDA totalled Euro 418.5 million, resulting in an adjusted EBITDA margin of 10.3 %.

Profit before tax totalled Euro 114.3 million after Euro 136.7 million in the previous year. Income tax expense decreased to Euro 3.8 million, mainly due to the capitalisation of loss carryforwards of the former Essentra Packaging, resulting in an effective Group tax rate of 3.4 %. The Group's standard tax rate is 19.0 %.

Profit for the year increased to Euro 110.5 million, compared to Euro 89.1 million in 2023.