Huhtamaki Oyj

HUH1V

Equity

ISIN FI0009000459 / Valor 472557

NASDAQ Helsinki Ltd, Equities (2024-09-17)

EUR 34.52+0.23%

Huhtamaki Oyj
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About company

Huhtamaki Oyj is a global company headquartered in Espoo, Finland, specializing in packaging solutions. With net sales reaching EUR 4.2 billion in 2023, the company has established itself as a significant player in the packaging industry. Huhtamaki's operations span various sectors, providing innovative packaging products and services that cater to the needs of food and beverage, consumer goods, and healthcare industries among others. The company's listing on the Nasdaq Helsinki Ltd underscores its financial stability and commitment to growth. While the specific range of products and services was not detailed in the provided source, Huhtamaki's financial performance indicates a broad and successful portfolio that addresses the evolving demands of global markets.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue

Huhtamaki Oyj reported net sales of EUR 4,169 million for the full year 2023. This represents a slight decrease of 2% compared to the previous year, reflecting the challenging market conditions and lower sales volumes.

Adjusted EBIT

The adjusted EBIT for Huhtamaki Oyj in 2023 was EUR 393 million. Despite the decrease in net sales, the company managed to maintain a strong EBIT margin of 9.4%, showcasing its operational efficiency and cost management strategies.

Free Cash Flow

Huhtamaki Oyj achieved a significant improvement in free cash flow, reaching EUR 321 million in 2023. This positive cash flow performance highlights the company's effective cash management and operational efficiency.

Net Debt

As of the end of 2023, Huhtamaki Oyj's net debt stood at EUR 1,341 million. The company's net debt to adjusted EBITDA ratio was 3.1, indicating a stable financial position and manageable debt levels.

Outlook

Huhtamaki Oyj remains optimistic about its future prospects, driven by capacity expansions, innovation, and improving operational performance. The company expects demand to return to growth in the foreseeable future, positioning it well to capitalize on opportunities in the transforming packaging market.

Summarized from source with an LLMView Source

Key figures

11.0%1Y

-19.6%3Y

-7.15%5Y

Performance

22.2%1Y

25.9%3Y

27.4%5Y

Volatility