Huhtamäki Oyj's Half-yearly Report January 1-June 30, 2025: Continued stable operational performance in a volatile environment

HUHTAMÄKI OYJ HALF-YEARLY REPORT 24.7.2025 AT 8:30 EEST

Q2 2025 in brief

Net sales decreased 3% to EUR 1,007.5 million (EUR 1,037.5 million)

Comparable net sales growth at Group level was 0%

Reported EBIT was EUR 46.2 million (EUR 104.6 million); adjusted EBIT was EUR 103.1 million (EUR 105.5 million)

Reported EPS was EUR 0.20 (EUR 0.62); adjusted EPS was EUR 0.63 (EUR 0.63)

The impact of currency movements on the Group's net sales was EUR -34 million and EUR -3 million on EBIT

H1 2025 in brief

Net sales decreased 2% to EUR 2,009.1 million (EUR 2,041.4 million)

Comparable net sales growth at Group level was -1%

Reported EBIT was EUR 139.9 million (EUR 182.2 million); adjusted EBIT was EUR 201.5 million (EUR 204.3 million)

Reported EPS was EUR 0.74 (EUR 0.97); adjusted EPS was EUR 1.21 (EUR 1.17)

The impact of currency movements on the Group's net sales was EUR -23 million and EUR -2 million on EBIT

Capital expenditure was EUR 73.2 million (EUR 84.7 million)

Free cash flow was EUR 63.1 million (EUR 91.8 million)

EUR million

 

Q2 2025

 

Q2 2024

 

Change

 

H1 2025

 

H1 2024

 

Change

 

2024

Net sales

 

1,007.5

 

1,037.5

 

-3%

 

2,009.1

 

2,041.4

 

-2%

 

4,126.3

Comparable net sales growth

 

0%

 

-1%

 

 

 

-1%

 

-2%

 

 

 

0%

Adjusted EBITDA1

 

154.6

 

156.4

 

-1%

 

306.6

 

305.4

 

0%

 

622.2

Margin1

 

15.3%

 

15.1%

 

 

 

15.3%

 

15.0%

 

 

 

15.1%

EBITDA

 

176.1

 

158.2

 

11%

 

325.9

 

295.8

 

10%

 

595.6

Adjusted EBIT2

 

103.1

 

105.5

 

-2%

 

201.5

 

204.3

 

-1%

 

416.9

Margin2

 

10.2%

 

10.2%

 

 

 

10.0%

 

10.0%

 

 

 

10.1%

EBIT

 

46.2

 

104.6

 

-56%

 

139.9

 

182.2

 

-23%

 

372.3

Adjusted EPS, EUR3

 

0.63

 

0.63

 

0%

 

1.21

 

1.17

 

3%

 

2.48

EPS, EUR

 

0.20

 

0.62

 

-68%

 

0.74

 

0.97

 

-23%

 

2.14

Adjusted ROI2

 

 

 

 

 

 

 

11.9%

 

11.9%

 

 

 

12.1%

Adjusted ROE3

 

 

 

 

 

 

 

13.4%

 

13.6%

 

 

 

13.4%

ROI

 

 

 

 

 

 

 

9.6%

 

12.2%

 

 

 

10.8%

ROE

 

 

 

 

 

 

 

10.3%

 

13.0%

 

 

 

11.6%

Capital expenditure

 

43.1

 

48.1

 

-10%

 

73.2

 

84.7

 

-14%

 

247.9

Free Cash Flow