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Fibre Packaging

RDM Group

Followed Private
Headquarters
Milan, IT
Segment
Fibre Packaging
Stories held
1
Last story
14 Sep 2026

RDM Group produces recycled cartonboard from mills in Italy, France, Germany and Spain, and is a supplier to converters serving the food, pharmaceutical, cosmetics and graphics sectors. The company was taken private in 2021 through a mandatory tender offer led by Apollo funds and delisted from Euronext Milan and the Spanish exchanges.

1 stories · 2026

Mayr-Melnhof raises cost-savings target to EUR 330m and rejoins ATX

Mayr-Melnhof will rejoin the Austrian ATX blue-chip index on 21 September after a one-year absence, the Vienna Stock Exchange said. The group also raised the cumulative target for its 'Fit for Future' efficiency programme to more than EUR 330m by 2027 versus a 2024 base year, up from a prior goal of over EUR 250m, with more than EUR 100m expected in the second half of 2026 alone. H1 2026 revenue (excluding TANN) fell 4.7% to EUR 1,849.3m and adjusted EBITDA was EUR 200.2m, while management flagged a further difficult market environment in H2, including about EUR 35m of Q3 operating-profit impact from scheduled maintenance shutdowns.

Why this mattersA target lifted by EUR 80m implies management expects cartonboard demand and pricing to stay weak into 2027, after a 4.7% first-half revenue decline.

  • Mayr-Melnhof rejoins the Austrian ATX index on 21 September 2026 after a one-year absence.
  • H1 2026 revenue excluding TANN was EUR 1,849.3m, down 4.7% year on year.
  • Adjusted EBITDA in H1 2026 was EUR 200.2m.
  • Fit for Future cumulative earnings target raised to more than EUR 330m by 2027 against a 2024 base, from more than EUR 250m previously.
  • Scheduled maintenance shutdowns are expected to reduce Q3 2026 operating profit by about EUR 35m.
  • MM Board & Paper signed an agreement in August 2026 to acquire the business of German recycled cartonboard mill R.D.M. Arnsberg, capacity about 230,000 t/yr, closing targeted for Q4 2026 subject to antitrust clearance.
Mayr-Melnhof RDM Group counterparty
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