Key Indicators
Multi-Annual Overview MM Group
| consolidated (in millions of EUR) | 2023 | 20221) | 2021 | 2020 | 2019 |
| Sales | 4,164.4 | 4,682.1 | 3,069.7 | 2,528.4 | 2,544.4 |
| Adjusted EBITDA2) | 450.2 | 769.0 | 421.0 | 411.8 | 389.6 |
| Adjusted operating profit2) | 229.2 | 562.4 | 269.6 | 268.0 | 255.3 |
| Operating profit | 197.6 | 510.4 | 269.6 | 231.4 | 255.3 |
| Profit for the year | 89.1 | 345.3 | 190.7 | 162.2 | 190.2 |
| Cash flow from operating activities | 786.2 | 299.7 | 269.8 | 318.2 | 331.4 |
| Free cash flow | 369.8 | -19.7 | 37.9 | 173.8 | 197.1 |
| Capital expenditures/depreciation (in millions of EUR) | |||||
| Capital expenditures | 425.3 | 329.4 | 248.4 | 152.8 | 136.1 |
| Depreciation and amortisation3) | 221.4 | 219.5 | 151.4 | 167.5 | 134.3 |
| Personnel | |||||
| Employees | 15,087 | 15,640 | 12,492 | 9,938 | 10,014 |
Profitability Indicators | |||||
| Return on equity | 4.5 % | 19.1 % | 11.9 % | 10.6 % | 13.1 % |
| Return on assets | 3.1 % | 8.6 % | 6.7 % | 7.1 % | 9.0 % |
| Net profit margin | 2.1 % | 7.4 % | 6.2 % | 6.4 % | 7.5 % |
| EBITDA margin4) | 10.8 % | 16.4 % | 13.7 % | 16.3 % | 15.3 % |
| Operating margin4) | 5.5 % | 12.0 % | 8.8 % | 10.6 % | 10.0 % |
| Return on capital employed4) | 6.5 % | 17.9 % | 12.8 % | 15.8 % | 15.4 % |
| Return on investment | 3.9 % | 11.1 % | 8.8 % | 9.4 % | 11.7 % |
Balance Sheet Indicators | |||||
| Equity ratio | 39.6 % | 40.7 % | 41.4 % | 64.5 % | 62.3 % |
| Property, plant and equipment to total assets | 40.5 % | 37.3 % | 37.1 % | 41.5 % | 42.7 % |
| Total equity and non-current liabilities to property, plant and equipment | 1.9 | 2.1 | 2.2 | 2.0 | 1.9 |
| Working capital (in millions of EUR) | 842.3 | 1,028.3 | 809.3 | 584.4 | 523.9 |
| Financial Indicators | |||||
Net debt (-) /net liquidity (+) (in millions of EUR) | 1,261.9 | 1,481.5 | 1,063.5 | 122.2 | 218.6 |
| Net debt/EBITDA5) | 2.8 | 1.9 | 2.1 | 0.3 | 0.6 |
| Net debt/equity | 62.7 % | 75.6 % | 64.0 % | 7.9 % | 14.5 % |
Share Performance Indicators (in EUR) | |||||
| Market capitalisation5) (in Mio. EUR) | 2,532 | 3,024 | 3,532 | 3,300 | 2,392 |
Earnings per share | 4.36 | 17.19 | 9.46 | 8.06 | 9.49 |
Dividend per share | 1,506) | 4.20 | 3.50 | 3.20 | 3.20 |
1) adjusted due to the adjustment of the acquisition of Essentra Packaging
2) adjusted for material one-off effects (see glossary)
3) incl. impairments and write-ups on property, plant and equipment and intangible assets as well as non-current assets held for sale
4) calculated with adjusted result figure
5) per ultimo
6) proposed for 2023
Quarterly Overview
consolidated, in millions of EUR, IFRS | 1Q/2023 | 2Q/2023 | 3Q/2023 | 4Q/2023 | 1Q/2024 |
Sales | 1,122.1 | 1,059.3 | 1,015.1 | 967.9 | 1,025.0 |
Adjusted EBITDA | 133.6 | 103.7 | 121.4 | 91.5 | 94.5 |
Adjusted EBITDA margin(%) | 11.9 % | 9.8 % | 12.0 % | 9.5 % | 9.2 % |
Adjusted operating profit | 78.7 | 48.3 | 63.4 | 38.8 | 39.6 |
Adjusted operating margin (%) | 7.0 % | 4.6 % | 6.2 % | 4.0 % | 3.9 % |
Operating profit | 61.6 | 42.4 | 55.8 | 37.8 | 39.6 |
Profit before tax | 49.0 | 28.2 | 41.7 | 17.8 | 18.0 |
Income tax expense | (14.1) | 0.2 | (13.8) | (19.9) | (7.1) |
Profit for the period | 34.9 | 28.4 | 27.9 | (2.1) | 10.9 |
Net profit margin (%) | 3.1 % | 2.7 % | 2.7 % | -0.2 % | 1.1 % |
Earnings per share (in EUR) | 1.71 | 1.41 | 1.38 | (0.14) | 0.52 |
Cash flow from operating activities | 67.2 | 82.9 | 177.2 | 458.9 | 52.5 |
Free cash flow | (28.6) | (36.3) | 73.7 | 361.0 | (38.5) |
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in millions of EUR, IFRS | 1Q/2023 | 2Q/2023 | 3Q/2023 | 4Q/2023 | 1Q/2024 |
Sales1) | 521.2 | 498.1 | 448.4 | 451.4 | 483.5 |
Adjusted EBITDA | 54.3 | 17.7 | 14.7 | 6.0 | 13.4 |
Adjusted operating profit | 27.7 | (9.8) | (13.5) | (24.2) | (13.3) |
Adjusted operating margin (%) | 5.3 % | -2.0 % | -3.0 % | -5.4 % | -2.7 % |
Operating profit | 27.7 | (9.8) | (13.5) | (24.2) | (13.3) |
Cash flow from operating activities | 10.0 | 3.0 | 64.1 | 214.5 | (14.6) |
Tonnage sold (in thousands of tonnes) | 473 | 486 | 487 | 502 | 564 |
Cartonboard | 375 | 365 | 365 | 371 | 439 |
Paper | 98 | 121 | 122 | 131 | 125 |
Tonnage produced (in thousands of tonnes) | 488 | 469 | 482 | 506 | 576 |
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1) including interdivisional sales
in Mio. EUR, nach IFRS | 1Q/2023 | 2Q/2023 | 3Q/2023 | 4Q/2023 | 1Q/2024 |
Sales1) | 656.7 | 606.5 | 605.9 | 562.0 | 592.6 |
Adjusted EBITDA | 79.3 | 86.0 | 106.7 | 85.5 | 81.1 |
Adjusted operating profit | 51.0 | 58.1 | 76.9 | 63.0 | 52.9 |
Adjusted operating margin (%) | 7.8 % | 9.6 % | 12.7 % | 11.2 % | 8.9 % |
Operating profit | 33.9 | 52.2 | 69.3 | 62.0 | 52.9 |
Cash flow from operating activities | 57.2 | 79.9 | 113.1 | 244.4 | 67.1 |
Produced volume (in millions of m2) | 1,094 | 979 | 963 | 948 | 1,032 |
1) including interdivisional sales