Huhtamaki Oyj

HUH1V

Equity

ISIN FI0009000459 / Valor 472557

NASDAQ Helsinki Ltd, Equities (2025-03-14)

EUR 34.86+0.35%

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

Net Sales Performance

In the third quarter of 2024, Huhtamaki Oyj reported a slight decrease in net sales by 1% to EUR 1,026 million compared to EUR 1,037 million in the same period of the previous year. The comparable net sales growth at the Group level was flat at -0%. The decrease in net sales was influenced by currency movements, which had a negative impact of EUR 13 million.

Earnings Before Interest and Taxes (EBIT)

Huhtamaki Oyj's reported EBIT for Q3 2024 was EUR 95 million, showing an increase from EUR 93 million in Q3 2023. The adjusted EBIT also saw a rise to EUR 102 million from EUR 100 million in the previous year. The improvement in EBIT was supported by lower raw material and energy costs, despite challenges from lower sales prices and increased labor costs.

Earnings Per Share (EPS)

The company reported an increase in both adjusted and reported earnings per share (EPS) for the third quarter of 2024. The adjusted EPS rose to EUR 0.63 from EUR 0.57, while the reported EPS increased to EUR 0.57 from EUR 0.42 in the same quarter of the previous year. This improvement reflects the company's efforts in enhancing profitability.

Free Cash Flow and Capital Expenditure

Huhtamaki Oyj maintained a strong free cash flow of EUR 160 million by the end of Q3 2024, although it was a decrease from EUR 193 million in the previous year. The capital expenditure was significantly reduced to EUR 134 million from EUR 204 million, reflecting the company's strategic focus on managing investments and reducing net debt.

Market Outlook and Strategic Initiatives

Huhtamaki Oyj observed a gradual improvement in market conditions during Q3 2024, with increased demand for pre-packed food and flexible packaging. The company continued to focus on its three-year EUR 100 million efficiency program, which positively impacted profitability. Strategic investments in the US and Northern Ireland are expected to support future growth and enhance competitiveness in sustainable solutions.

Summarized from source with an LLMView Source

Key figures

-7.68%1Y

11.7%3Y

14.5%5Y

Performance

23.2%1Y

25.7%3Y

27.4%5Y

Volatility