Mannok Holdings reports 1.8% revenue drop to €311.9m in 2023 due to sales price deflation, but EBITDA increases by 74% to €44.

Mannok Holdings, a cross-border manufacturing group, reported a 1.8% drop in revenue to €311.9m in 2023 due to sales price deflation for insulation and plastic packaging products. Despite this, EBITDA increased by 74% to €44.9m due to easing inflationary pressures. The company's CEO, Liam McCaffrey, announced he will step down on June 30, 2024, and will be replaced by chief financial officer Dara O'Reilly.