Q1 2023 Mayr Melnhof Karton AG Pre-Recorded Earnings Presentation Q&A with CEO Transcript

Apr 25, 2023 / NTS GMT

Release Date Price: $154.88

Transcript

Unidentified Participant

Welcome, ladies and gentlemen, to this audio webcast interview on the Mayr-Melnhof Group's interim results for the first quarter of '23 with the company's CEO, Peter Oswald.

Questions & Answers

Unidentified Participant

Peter, could you explain the reason for the 45% decline in MM's operating profit for the first quarter of '23.

Peter Josef Oswald

Mayr-Melnhof Karton AG - CEO & Chairman of the Management Board

Yes. I mean, the decline was mainly due to weak sales volumes in our division, Board & Paper, which we had already cautioned about during the presentation of our strong '22 results. However, the historically unusual 20% volume decline in Europe in the overall market during Q1 was higher than we had

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