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.