Access the latest results, presentations, key indicators and important investor updates.
Access the latest results, presentations, key indicators and important investor updates.
| consolidated (in millions of EUR) | 2021 | 20221) | 2023 | 2024 | 2025 |
| Development of sales | |||||
| Total sales | 3,524.5 | 5,315.7 | 4,902.8 | 4,905.9 | 4,473.4 |
| less intersegment sales between the divisions | (133.0) | (236.6) | (189.6)2) | (192.7) | (201.6) |
| less intersegment sales in the divisions | (321.8) | (397.1) | (548.8)2) | (633.6) | (386.5) |
| Consolidated sales | 3,069.7 | 4,682.1 | 4,164.4 | 4,079.6 | 3,885.3 |
| Earnings data | |||||
| Net value added | 805.7 | 1,163.8 | 973.0 | 958.2 | 1,002.5 |
| Adjusted EBITDA3) | 421.0 | 769.0 | 450.2 | 418.5 | 418.2 |
| Adjusted operating profit3) | 269.6 | 562.4 | 229.2 | 190.0 | 195.4 |
| Operating profit | 269.6 | 510.4 | 197.6 | 190.0 | 221.0 |
| Profit before tax | 244.5 | 467.0 | 136.7 | 114.3 | 145.7 |
| Profit for the year | 190.7 | 345.3 | 89.1 | 110.5 | 77.0 |
| Cash flow from operating activities | 269.8 | 299.7 | 786.2 | 516.3 | 231.1 |
| Free cash flow | 37.9 | (19.7) | 369.8 | 302.2 | 11.1 |
| Capital expenditures/depreciation | |||||
| Capital expenditures | 248.4 | 329.4 | 425.3 | 220.9 | 232.7 |
| Depreciation and amortisation | 149.0 | 198.5 | 218.5 | 228.0 | 219.7 |
| Impairments and write-ups | 2.4 | 21.0 | 2.9 | 0.5 | 76.3 |
| Employees | 12,492 | 15,640 | 15,087 | 14,710 | 13,347 |
| Profitability indicators | |||||
| Return on equity | 11.9 % | 19.1 % | 4.5 % | 5.3 % | 3.6 % |
| Return on assets | 6.7 % | 8.6 % | 3.1 % | 4.0 % | 2.9 % |
| Net profit margin | 6.2 % | 7.4 % | 2.1 % | 2.7 % | 2.0 % |
| Adjusted EBITDA margin | 13.7 % | 16.4 % | 10.8 % | 10.3 % | 10.8 % |
| Adjusted operating margin | 8.8 % | 12.0 % | 5.5 % | 4.7 % | 5.0 % |
| Adjusted return on capital employed | 12.8 % | 17.9 % | 6.5 % | 5.6 %4) | 5.8 % |
| Return on investment | 8.8 % | 11.1 % | 3.9 % | 5.1 %4) | 3.7 % |
| Balance sheet indicators | |||||
| Equity ratio | 41.4 % | 40.7 % | 39.6 % | 43.8 % | 47.0 % |
| Property, plant and equipment to total assets | 37.1 % | 37.3 % | 40.5 % | 41.6 % | 44.6 % |
| Total equity and non-current liabilities to property, plant and equipment | 2.2 | 2.1 | 1.9 | 1.9 | 1.8 |
| Working capital | 809.3 | 1,028.3 | 842.3 | 776.3 | 564.4 |
| Financial indicators | |||||
| Net debt | 1,063.5 | 1,481.5 | 1,261.9 | 1,078.74) | 913.7 |
| Net debt/adjusted EBITDA | 2.1 | 1.9 | 2.8 | 2.64) | 2.2 |
| Net debt/equity | 64.0 % | 75.6 % | 62.7 % | 50.7 %4) | 43.4 % |
| Share performance indicators | |||||
| Market capitalisation5) | 3,532 | 3,024 | 2,532 | 1,592 | 1,805 |
| Earnings per share (in EUR) | 9.46 | 17.19 | 4.36 | 5.41 | 3.86 |
| Dividend per share (in EUR) | 3.50 | 4.20 | 1.50 | 1.80 | 2.006) |
1) adjusted due to the adjustment of the acquisition of Essentra Packaging
2) adjusted due to the new corporate structure
3) Adjusted for material one-off effects. To enhance significance of the earnings figures in the divisions, management now defines “material” as impact of more than
EUR 5 million on operating profit (previously more than EUR 10 million).
4) incl. cash and financial liabilities of TANN Group
5) per ultimo
6) proposed for 2025
MM Group secures EcoVadis Platinum, ranking among global top 1 % for sustainability
MM Group expands Management Board with Andreas Koppitz and Alexander Loimayr
Results for the 1st Half-Year 2026
MM Board & Paper signs agreement to acquire the operations of R.D.M. Arnsberg
MM Group recognised in TIME’s World’s Most Sustainable Companies 2026 ranking
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