Huhtamäki Oyj’s Interim Report January 1 – March 31, 2021: Improved profitability due to gradual recovery in demand

Q1 2021 in brief

  • Net sales decreased by 5% to EUR 802 million. EUR (845 million)
  • Adjusted operating profit was MEUR 77. EUR (EUR 74 million); reported operating profit EUR 72 million EUR (83 million)
  • Adjusted earnings per share were EUR 0.49 (EUR 0.46); reported earnings per share EUR 0.45 (EUR 0.53)
  • Comparable revenue growth was -0% at Group level and 4% in emerging markets
  • The effect of exchange rate fluctuations on the Group’s net sales was EUR -46 million. EUR -5 million in operating profit. euros

CEO Charles Héaulmé:
“The coronavirus pandemic continued to impact the food packaging market globally. Uncertainty related to the pandemic can be seen in most markets. Huhtamaki’s business has withstood the effects of corona restrictions while food demand remained stable.

Huhtamaki’s first quarter of 2021 was satisfactory. Despite the uncertainty in the global economy, demand for foodservice packaging has continued to gradually improve, but remained below normal. Our net sales for the quarter were EUR 802 million, with comparable net sales at the previous year’s level. Adjusted operating profit margin improved 0.9 percentage points to 9.6% in the first quarter, driven by a favorable sales structure and continued efficiency improvements. The impact of exchange rates on our net sales was negative in the first quarter. Our balance sheet remains strong and supports our growth strategy.”
more at: https://www.huhtamaki.com/fi/media/nasdaq/stock-exchange-release/2021/huhtamaki-oyjn-osavuosikatsaus-1.1.31.3.2021-parantunut-kannattavuus-kysynnan-asteittaisen-elpymisen-myota/

Related Posts

Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results

Fourth Quarter 2023 Financial Highlights: *Total Net Revenues of $1,274 million for the fourth quarter of 2023 were down 14% compared to $1,476 million in the fourth quarter of 2022 and down 8% compared to $1,379 million in the third quarter of 2023. *Net Income from continuing operations of $22 million for the fourth quarter of 2023 compared to $27 million in the fourth quarter of 2022 and $28 million in the third quarter of 2023. Full Year 2023 Financial Highlights: *Total Net Revenues of $5,510 million for the year ended December 31, 2023 were down 11% compared to $6,220 million in the prior year. *Net Loss from continuing operations of $222 million for the year ended December 31, 2023 compared to net income from continuing operations of $319 million in the prior year.

Mondi seals mono-material bacon packaging

Mondi, a global leader in sustainable packaging and paper, has helped Austrian food company Handl Tyrol to wrap their bacon in an eye-catching solution that will contribute to a circular economy by keeping materials in circulation. The mono-material polypropylene (PP) film is recyclable in existing recycling streams for mixed polyolefins and keeps the bacon fresh, providing a ‘second skin’ that seals securely with both a high-barrier top and bottom film. The packaging has been designed to look like a wooden chopping board, providing instant on-shelf appeal and brand recognition. Working closely with Handl Tyrol, Mondi employed its collaborative EcoSolutions approach to ensure the packaging is best for the manufacturer, product, end user and environment. The mono-material PP packaging was also shortlisted for the Green Packaging Star Award 2022.

Major investment at Mayr-Melnhof Group

The Mayr-Melnhof Group is strengthening the Neupack folding box production at the Hirschwang site in Austria with an extensive future-oriented program. An investment plan of EUR 18 million in buildings and machines is intended to significantly increase the international competitiveness of the location in the growth markets of e-commerce packaging and high-quality printed consumer goods packaging in ultra-fine wave (microwave) for products such as food, pet food and electrical household appliances. In addition to the construction of an enlarged production and warehouse hall, investments are made in new printing technology, punching capacities as well as state-of-the-art automation and infrastructure. The aim is to lead Neupack Hirschwang into the future with bundled forces and an attractive range of products with good earnings. This makes the folding box factory a sustainable employer in the region with currently 215 employees.
Back To Top
×Close search
Search