MM Group Investor Presentation
2023 MM Board & Paper Headlines
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After the record year 2022, the European cartonboard and paper industry experienced unprecedented downturn
Subsequent to sharp drop, which started in 4th quarter of 2022, a bottom was reached in 2nd half of 2023
Inflation-related subdued and changed purchasing behavior of consumers as well as the reduction
of high inventories in the supply chain led to a significant volume decline
This historically unprecedented situation was further aggravated by the loss of the Russian market
as well as weak or highly competitive overseas markets
Considerable planned capex-related downtime for modernisations at the Frohnleiten, Neuss and Kolicevo mills
enhancing MM's leadership in recycled board
On the procurement markets purchasing prices fell compared to the previous year as a result of lower demand,
however, more pressure was built up on sales prices
As expected substantial decline in volume and results compared to last year's record levels
Profit and cash protection programme with detailed action plans for each location was implemented
MM Group Investor presentation March 2024 (incl. 2023 Annual Results)
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