Business
Huhtamäki Oyj’s Interim Report January 1–March 31, 2026: Comparable net sales growth in a challenging market
Huhtamäki Oyj’s Interim Report January 1–March 31, 2026: Comparable net sales growth in a challenging
About this update from Huhtamaki Oyj
HUHTAMÄKI OYJ INTERIM REPORT 29.4.2026 AT 8:30 EESTHuhtamäki Oyj’s Interim Report January 1–March 31, 2026: Comparable net sales growth in a challenging marketQ1 2026 in brief Net sales decreased 5% at EUR 946.8 million (EUR 1,001.6 million), including a currency impact of EUR -62.6 million (EUR 11.2 million)Comparable net sales growth was 1% at Group levelReported EBIT was EUR 83.2 million (EUR 93.7 million)Adjusted EBIT was EUR 94.5 million (EUR 98.5 million), including a currency impact of EUR -4.8 million (EUR 1.2 million). Adjusted EBIT margin increased to 10.0% (9.8%)Reported EPS was EUR 0.47 (EUR 0.54); adjusted EPS was EUR 0.56 (EUR 0.59)Key figures EUR millionQ1 2026Q1 2025Change2025Net sales946.81,001.6-5%3,960.2Comparable net sales growth1%-2% -1%Adjusted EBITDA1144.0152.0-5%613.0Margin115.2%15.2% 15.5%EBITDA133.8149.8-11%613.3Adjusted EBIT294.598.5-4%405.1Margin210.0%9.8% 10.2%EBIT83.293.7-11%320.5Adjusted EPS, EUR30.560.59-5%2.48EPS, EUR0.470.54-14%1.83Adjusted ROI211.9%12.0% 11.8%Adjusted ROE313.8%13.3% 13.6%ROI9.3%11.2% 9.5%ROE10.0%12.4% 10.1%Capital expenditure27.030.1-10%171.9Free Cash Flow10.0-22.5>100%311.21 Excluding IAC of-10.2-2.1 0.42 Excluding IAC of-11.2-4.7 -84.53 Excluding IAC of-9.8-4.6 -68.0Unless otherwise stated, all comparisons in this report are compared to the corresponding period in 2025. Figures of return on investment (ROI), return on equity (ROE) and return on net assets (RONA) as well as net debt to EBITDA presented in this report are calculated on a 12-month rolling basis.IAC includes, but is not limited to, material restructuring costs and acquisition related costs (gains and losses on business combinations, professional and legal fees, material purchase price accounting adjustments for inventory, material purchase price amortization of intangible assets and changes in contingent considerations) as well as material impairment losses and reversals, gains and losses relating to sale of intangible and tangible assets, implementation costs concerning large projects with SaaS cloud computing technology, fines and penalties imposed by authorities and extraordinary taxes.The figures in the tables are exact figures and consequently the sum of individual figures may deviate from the sum presented. Key figures have been calculated using exact f...