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Results for the first quarter of 2024

consolidated, in millions of EUR, IFRS Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024
Sales 1,122.1 1,059.3 1,015.1 967.9 1,025.0 1,018.9
Adjusted EBITDA 133.6 103.7 121.4 91.5 94.5 107.2
Adjusted operating profit 78.7 48.3 63.4 38.8 39.6 51.0
Adjusted operating margin (%) 7.0 % 4.6 % 6.2 % 4.0 % 3.9 % 5.0 %
Operating profit 61.6 42.4 55.8 37.8 39.6 51.0
Capital employed 3,309.3 3,449.8 3,558.0 3,546.3 3,515.0 3,455.2
Return on capital employed (%) 16.0 % 11.7 % 8.4 % 6.5 % 5.4 % 5.6 %
Profit before tax 49.0 28.2 41.7 17.8 18.0 33.2
Income tax expense (14.1) 0.2 (13.8) (19.9) (7.1) (6.7)
Profit for the period 34.9 28.4 27.9 (2.1) 10.9 26.5
Net profit margin (%) 3.1 % 2.7 % 2.7 % -0.2 % 1.1 % 2.6 %
Earnings per share (in EUR) 1.71 1.41 1.38 (0.14) 0.52 1.30
Cash flow from operating activities 67.2 82.9 177.2 458.9 52.5 148.1
Free cash flow (28.6) (36.3) 73.7 361.0 (38.5) 97.9
Capital expenditures 96.4 121.4 105.7 101.8 92.8 52.7
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

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