MM Group with an expected increase in 2nd quarter and 1st half-year 2022 earnings

The Mayr-Melnhof Group (MM) expects for the 2^nd quarter of 2022 an operating profit in the range of EUR 150 to 200 million (2Q 2021: EUR 31 million) after EUR 111 million in the 1^st quarter of 2022 (1Q 2021: EUR 61 million). For the 2022 1^st half-year this translates to a probable operating profit in the range of EUR 260 to 310 million (1^st half of 2021: EUR 92 million).

The income statement of the 1^st half-year / 2^nd quarter 2022 is on top to the ongoing business particularly influenced by the inclusion of the cartonboard and paper mills MM Kwidzyn and
MM Kotkamills, which were acquired at the beginning of August 2021.

This earnings expectation is based on current forecasts with significant ongoing uncertainties from the supply chain. As previously announced, 2022 half-year results will be published on August 11, 2022.