2024-03-12 14:13:06 ET
Mayr-Melnhof Karton AG (MNHFF)
Q4 2023 Results Conference Call
March 12, 2024 05:00 AM ET
Company Participants
Stephan Sweerts-Sporck - IR
Peter Oswald - CEO
Franz Hiesinger - CFO
Conference Call Participants
Michael Marschallinger - Erste Group
Markus Remis - Raiffeisen Bank International
Xavier Vandoorne - Homeport Family Services
Presentation
Peter Oswald
Welcome everyone to this announcement of our '23 Annual Results. Following a record-breaking '22, the year '23 confronted us with the most significant demand decline in the European Cardboard Industry in the last 50 years. This downturn can be attributed to 4 main factors.
Firstly, a prolonged reduction in supply chain inventories after an extreme buildup the year before driven by supply shortages and the energy crisis.
Secondly, high inflation has led to changes in consumer behavior and resulted in a decreased consumption of daily goods packaged in cartonboard....
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Mayr-Melnhof Karton AG (MNHFF) Q4 2023 Earnings Call Transcript