Mayr-Melnhof Karton Ag (MNHFF) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Mayr-melnhof Karton Ag.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.617 Welcome everyone to the announcement of our 2025 half-year results. 00:00:06.759 -- 00:00:12.186 I am really pleased to report a 29% increase in adjusted operating 00:00:12.186 -- 00:00:17.472 profit in the first half. And this strong performance was primarily driven 00:00:17.472 -- 00:00:22.919 by our board and paper division, which delivered a significant earnings uplift 00:00:22.919 -- 00:00:28.226 due to our profit improvement program Fit for Future at two major mills 00:00:28.226 -- 00:00:30.440 in a difficult market. 00:00:30.440 -- 00:00:35.672 And in light of this success, we have now launched the Fit for Future program 00:00:35.672 -- 00:00:40.983 on a group-wide scale to deliver a structural and sustainable 00:00:40.983 -- 00:00:43.940 improvement in earnings quality. 00:00:43.940 -- 00:00:49.470 And we are confident that this programme will enable us to achieve structural sustainable 00:00:49.470 -- 00:00:53.618 profit improvements of over €150 million 00:00:53.618 -- 00:00:59.209 by 2027 compared to the 24 excluding TAN baseline 00:00:59.209 -- 00:01:03.433 and excluding market-related fluctuations. 00:01:04.739 -- 00:01:09.952 The sale of TAN Group was completed on schedule in the second quarter, 00:01:09.952 -- 00:01:13.876 resulting in a preliminary one-off income of €127 00:01:13.876 -- 00:01:15.338 million. 00:01:15.338 -- 00:01:20.343 And strategically, this move allows us to concentrate on our core business 00:01:20.343 -- 00:01:25.870 of consumer packaging, having divested the tipping paper business at a time 00:01:25.870 -- 00:01:28.590 of record profitability. 00:01:29.734 -- 00:01:34.430 Now, let's come to the performance of our divisions. 00:01:34.430 -- 00:01:39.916 Food and premium packaging continue to de...