Austria’s cartonboard and packaging group Mayr-Melnhof (MM) has announced a non-cash impairment charge of €65–75m in its MM Board & Paper division following its annual asset review.
Mayr-Melnhof said the impairment, which is subject to final audit confirmation, reflects weaker long-term cash flow expectations for the division. While the charge will weigh on net profit for 2025, MM stressed that it will have no impact on adjusted EBITDA or adjusted operating profit for the year.
As a result, group net profit for 2025 is now expected to come in between €74m and €90m.
In a statement to the market on 5 February, Mayr-Melnhof noted that its earnings outlook is based on current assessments and remains subject to uncertainty. The group will publish its full-year 2025 results on 17 March.
In 2024, MM posted a full-year net profit of €111m and an adjusted EBITDA of €419m.
