Huhtamäki (HUH1V) AGM 2026 summary

Opening remarks and agenda

• AGM held in Helsinki on April 29, 2026, chaired by Antti Ihamuotila.

• Agenda covered annual accounts, strategy, performance review and elections.

Financial performance review

• 2025 net sales were EUR 3,960 million, down 1%; currency impacts were -3%. Adjusted EBIT margin reached a record 10.2%, while absolute EBIT faced a EUR 9 million adverse currency impact.

• Free cash flow rose to EUR 311.2 million, and leverage fell to 1.9x net debt/adjusted EBITDA.

• Fiber Packaging grew 8% with a 13.3% EBIT margin; margins also improved in Flexible Packaging and Foodservice. North America had volume growth despite pricing pressure.

• Q1 2026 comparable net sales grew 1%, with a 10% EBIT margin despite challenging conditions.

• Best-ever safety records were achieved, and a 10% EBIT margin was repeated for the second consecutive year.

Board and executive committee updates

• Board set at nine members: Mercedes Alonso, Robert K. Beckler, Essimari Kairisto, Anja Korhonen, Johann Christoph Michalski, Kerttu Tuomas and Pekka Vauramo re-elected; Suryakant Pandey and Johanna Söderström elected.

• Pekka Vauramo was re-elected Chair and Kerttu Tuomas Vice-Chair; the Board met 14 times with 97% participation and conducted site visits in Poland and Dubai.

• Global Executive Team appointments in 2025–2026 included new presidents for Flexible Packaging, North America and Fiber Packaging, as well as new Procurement and HR leaders.