Mayr-Melnhof Karton AG (WBO:MMK)
€ 69.2 -1 (-1.42%) Market Cap: 1.38 Bil Enterprise Value: 2.66 Bil PE Ratio: 28.83 PB Ratio: 0.67 GF Score: 73/100

Mayr Melnhof Karton AG to Acquire Kotkamills Group Oyj Call Transcript

Dec 10, 2020 / 09:00AM GMT
Release Date Price: €155.4 (+4.16%)
Stephan Sweerts;Sporck
Mayr-Melnhof Karton AG - Head of IR & Communications

(Technical difficulty) already to hand over to Peter Oswald. Peter will give us his insights on yesterday evening's headline.

Peter Oswald
Mayr-Melnhof Karton AG - Chairman & CEO

Yes, thank you very much Stephan. Ladies and gentlemen, I'm very happy that we have finalized the negotiations -- were many difficult and long months and, finally, we have yesterday evening signed this transaction. Before we go into any details about it let me just say a few words. Let's take a step back and say what is it really about.

When I joined Mayr-Melnhof, or even before I joined Mayr-Melnhof, it was pretty obvious that there is a fantastic position in folding carton, there is a very strong position in coated recycled board. But the position in FSB was, let's say, a fairly small one. So, Mayr-Melnhof is in FSB with a production of about 350,000 pounds. It's even the third-biggest player today. But with a long distance to the number one and two who produce several

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