Jefferies cuts Huhtamaki, citing delayed volume recovery concerns

Huhtamaki Oyj

09/06/2025 09:00

** Jefferies downgrades Finnish packaging company Huhtamaki HUH1V.HE to "hold" from "buy", citing delayed volume recovery impacting earnings visibility

** It believes that without volume recovery, operating leverage benefits will not be visible in earnings, hindering share performance

** "With muted Nielsen retail tableware sales to May 2025, we see risk to outlook at Q2," the broker says

** It lowers 2025 EBIT estimate by 4% to EUR 405 million ($463 million), 4% below consensus it cites

** Out of 14 analysts covering Huhtamaki, 11 rate the stock "buy" or "strong buy" and three rate it "hold"

($1 = 0.8757 euros)

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))