MM Group Results for the first half of 2022
The consolidated sales of the group increased by EUR 928.9 million to EUR 2,218.5 million (H1 2021: EUR 1,289.6 million). This increase resulted primarily from the acquisitions of the previous year and from passing on cost increases through higher prices. At EUR 285.0 million, the operating result was EUR 192.9 million higher than in the previous year (H1 2021: EUR 92.1 million). The significant increase results in particular from the MM Board & Paper division. In the previous year, one-time expenses from adjustment and restructuring measures amounting to EUR 26.1 million were recorded in the packaging division. The Group's operating margin thus reached 12.8% (H1 2021: 7.1%). The profit for the period increased by EUR 143.6 million to EUR 205.8 million (H1 2021: EUR 62.2 million).