Mayr-Melnhof Karton AG (MMK)

Wiener Börse · Materials · analysed November 9, 2026

Mayr-Melnhof Karton AG, operating as the MM Group, is an Austrian manufacturer specializing in cartonboard, kraft paper, and folding carton packaging for consumer goods, food, and pharmaceuticals. With industrial roots dating back to the late nineteenth century and formal corporate establishment in 1950, the company is Europe’s largest producer of coated cartonboard and folding cartons. Currently, the group is focused on executing its multi-year Fit-For-Future transformation program to drive cost efficiency and margin resilience, while pursuing targeted expansion in high-value pharmaceutical packaging and sustainable, fiber-based plastic replacement solutions.

Mayr-Melnhof Karton AGMMK / Wiener Börse / analysed November 9, 2026
BullishnessHow the evidence compares with what the market already expects, from 1 to 10. It is about the stock at its current price, not the business alone. Not a price target or a forecast.5.7
CertaintyHow complete and consistent the evidence is, from 1 to 10. It says nothing about which way the evidence points, and it is not the probability that the analysis is right.6.8
MoatWeak

Executive summary

Mayr-Melnhof Karton AG is a leading European packaging group caught between structural cyclical pressure in upstream cartonboard and durable growth in regulated pharmaceutical packaging12. Consolidated nine-month 2026 adjusted operating profit contracted 38.8% to 93.0 million euros due to virgin-fibre board overcapacity and planned mill maintenance12. However, the company is advancing an aggressive self-help operational programme targeting over 330 million euros in run-rate savings by 2027, while trading at a compressed 9.07 times forward earnings12.

Sources cited here, 1 of 26

  1. 12eqs-news.com

Key figures

Market cap
$1.4B
P/E, trailing
17.3
P/E, next 12 months
9.1
Revenue growth, fiscal year to Dec 2025
-4.8%
Net margin, fiscal year to Dec 2025
2.0%

Market cap and P/E as found on November 9, 2026.

Mayr-Melnhof Karton (MMK) stock analysis and moat rating