Huhtamaki rises on Q4 profit beat, strong Fiber Packaging unit
14/02/2025 08:32
** Shares in Huhtamaki HUH1V.HE rise almost 6% after the
Finnish food packaging company posted its Q4 print with adj.
EBIT that beat market expectations
** Its Q4 adjusted EBIT came in at EUR 110.3 million
($115.54 million), slightly above the EUR 104.7 million expected
by analysts in Vara Research consensus
** "Q4 result narrowly exceeded comparables and our and
consensus forecasts," Inderes analyst Antti Viljakainen says,
"supported in particular by volume growth and efficiency
measures included in the EUR 100 million savings programme"
** "On the quarterly scale, Fiber Packaging was the star of
the show, turning in a cocktail of growth and savings to post
excellent Q4 numbers," he adds
** If gains hold, the share is on track for best day since
October 2024
($1 = 0.9547 euros)
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))