Huhtamäki (HUH1V) AGM 2025 summary

Opening remarks and agenda

• Annual report 2024 presented with a focus on future plans and team introductions.

• New and existing executive team members introduced, including recent appointments in key business segments.

Board and executive committee updates

• Announced new President for Flexible Packaging to join by January 2026, with interim leadership in place.

• Several leadership changes and new appointments in Fiber Packaging and procurement roles.

Financial performance review

• EBIT margin reached 10.1% for the first time in company history, driven by cost efficiency.

• Return on investment currently just over 12%, with a target of 13%-15%.

• Leverage reduced to 2x net debt to EBITDA, supported by strong cash flows.

• EUR 76 million in cost savings achieved, boosting profitability.

• Three out of four business segments improved profits; Foodservice Packaging expected to improve.