Mayr-Melnhof Karton Ag (MNHFF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and a warm welcome to the Meier-Mehlhofen-Karton AG conference call. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Please note also that this conference will be recorded. Let me now turn the floor over to your host, Stefan Sweetspark. Good morning and welcome on the part of MM. It's a great pleasure to have you joining this Q&A conference call on our 24 annual results, which we released just this morning. Besides the press release, a video statement of our management board, CEO, CFO, has been published on our website, mm.group. In this call, we want to provide you now with the possibility to direct questions on today's communication to our CEO Peter Oswald and our CFO Franz Hisinger. Since this call addresses an international audience, we would very much appreciate your questions to be asked in English in the following Q&A session. Before we go for that, Peter, may I ask you to start with a short summary of our key messages? Yeah, thank you, Stefan, and welcome, everyone. I assume you've all read our announcement, and therefore, I just want to summarize the key points before we then go to the formal Q&A session. 2024 was a challenging year for the whole industry. and I'm very pleased to say that we've made significant progress by focusing on self-help. In our food and premium packaging division, we've again achieved market-leading returns, and we could show at least some volume growth. In farm and healthcare packaging, we are now halfway through the successful turnaround of the former essential packaging business. We have picked the low-hanging fruits, and now we have to advance the division towards M&Ms, market-leading operational standards. ...