Huhtamaki jumps after Q2 earnings beat
BUZZ-Huhtamaki jumps after Q2 earnings beat ** Shares in Huhtamaki HUH1V.HE rise 7% after the Finnish food package maker posted Q2 earnings that beat analyst expectations
** Q2 EBIT came in at 103.7 million euros ($118.49 million)versus company-provided consensus of 93.2 million euros, driven by a much stronger-than-expected performance in the flexibles division
** "Post 2Q beat in flexibles where there was polymer margin pressure concerns, we expect shares higher today," Jefferies says
** The broker says the flexible packaging unit benefited from volume growth and that the company "has been active passing on higher raw material (polymer) costs", supporting profitability
** The broker also points to progress in turning around operations in India and Turkey, while noting Huhtamaki maintained its 2026 outlook for "trading conditions to remain relatively stable"
** Stock on track for a best day since February 2024, if gains hold
($1 = 0.8752 euros)
(Reporting by Agnieszka Gosciak-Rabalska)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))