Finland's Huhtamaki Q3 sales rise 5% on Flexible Packaging unit strength
Finland's Huhtamaki Q3 sales rise 5% on Flexible Packaging unit strength
Overview
Finland packaging provider's Q3 net sales rose 5% yr/yr despite muted demand
Adjusted EPS for Q3 rose 10% yr/yr to EUR 0.68
Flexible Packaging offset weak North America and higher costs
Outlook
Huhtamaki expects trading conditions to remain relatively stable during 2026
Company says good financial position will enable it to address profitable growth opportunities
Result Drivers
FLEXIBLE PACKAGING GROWTH - Co said strong performance in Flexible Packaging, driven by volume growth and operational execution, supported net sales and adjusted EBIT
CONTRACT IMPACT - Co recognized EUR 23 mln revenue and profitability benefit from a contract in Foodservice Packaging European smooth molded fiber operation
NORTH AMERICA HEADWINDS - Co said weak demand, inflation-driven cost increases and operational challenges in North America negatively affected segment profitability
Company press release: ID:nWkr8HcS6q
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| EUR 1.02 bln |
|
Q3 Adjusted EPS |
| EUR 0.68 |
|
Q3 EPS |
| EUR 0.57 |
|
Q3 Adjusted EBITDA |
| EUR 158 mln |
|
Q3 Adjusted EBIT |
| EUR 110.50 mln |
|
Q3 EBITDA |
| EUR 159.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy"
Wall Street's median 12-month price target for Huhtamaki Oyj is €35.00, about 29% above its October 28 closing price of €27.14
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Oct 28 - Finland's UPM Kymmene misses Q3 revenue expectations on low deliveries and high costs
Oct 28 - International Paper Q3 sales miss on softer demand
Oct 28 - Smurfit Westrock Q3 net income falls on cost inflation
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)