Brief: Huhtamaki - Pricing Pressure In Value Chain, Labor Costs Increased

Huhtamaki Oyj

25/04/2024 06:46

April 25 (Reuters) - Huhtamaki Oyj  HUH1V.HE :
    * IMPACT OF CURRENCY MOVEMENTS WAS EUR -17 MILLION ON
GROUP'S NET
SALES AND EUR -2 MILLION ON EBIT
    * OUTLOOK FOR 2024 (UNCHANGED)
    * DURING Q1 OF 2024, CONSUMPTION REMAINED SENSITIVE TO
UNCHANGED
INTEREST RATES AND SLOW EASING OF INFLATION
    * PRICING PRESSURE IN VALUE CHAIN INCREASED
    * RAW MATERIALS AND ENERGY COSTS REMAINED FAVORABLE WHILE
LABOR
COSTS CONTINUED TO INCREASE
    * VOLUMES WERE AFFECTED BY ISRAEL-HAMAS WAR AND RED SEA
CRISIS,
IMPACTING BOTH FOODSERVICE E-A-O AND FLEXIBLE PACKAGING SEGMENTS

Source text for Eikon:  ID:nGNE8P0nn0 
Further company coverage:  HUH1V.HE 

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