MM Group Investor Presentation
Outlook
Positive volume trend for MM Board & Paper at beginning of 2024, however pressure on margins is continuing.
Although destocking in the supply chain has largely been completed, we expect slow market recovery
due to the weak economic situation in Europe and continued restrained consumer spending.
Continued oversupply and dampened capacity utilisation in Europe are expected to remain,
also due to difficult general conditions on non-European export markets.
The profit and cash protection programme will be consistently continued and implemented
and supplemented by targeted structural adjustment.
Recent increases in production costs will be passed on through corresponding price adjustments.
Capex volume of around EUR 300 million expected for 2024, which includes carry-overs from the previous year,
will be focussed on selected projects to improve competitiveness.
MM Group Investor presentation March 2024 (incl. 2023 Annual Results)
MM
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