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Huhtamäki (HUH1V) investor relations material
Huhtamäki Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Stable operational and financial performance maintained despite volatile markets and geopolitical tensions, with results in line with previous years.
S&P upgraded credit rating to investment grade (BBB-); completed acquisition of Zellwin/Selwyn Farms, supporting North American growth.
€100 million cost reduction/efficiency program completed ahead of schedule, with €73 million spent versus €80 million planned.
Strategic focus on profitable growth, disciplined capital allocation, and operational accountability.
Major organizational changes included new CEO, segment separation, and executive team restructuring.
Financial highlights
H1 2025 net sales €2,009.1 million, down 2% year-over-year; Q2 net sales €1,007.5 million, down 3%.
Adjusted EBIT for H1 €201.5 million (-1%); margin stable at 10.0%; Q2 adjusted EBIT €103.1 million (-2%).
Adjusted EPS for H1 €1.21 (+3%); Q2 €0.63 (flat year-over-year).
Free cash flow for H1 €63 million, down from €92 million prior year, but improved sequentially in Q2.
Capital expenditure for H1 €73.2 million, down 14% year-over-year.
Outlook and guidance
Trading conditions expected to remain relatively stable for the remainder of 2025, barring major shocks.
Growth initiatives and new contracts expected to benefit results later in the year.
Strong financial position enables pursuit of profitable growth opportunities.
No significant pricing changes anticipated; raw material costs expected to remain stable.
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