Huhtamaki Oyj · OMXHEX:HUH1V
Huhtamaki Oyj — Non-Deal Roadshow (June 2026)
77 slides from Huhtamaki Oyj's roadshow presentation, June 2026
Slide 1: Becoming the first choice in sustainable packaging solutions
Becoming the first choice in sustainable packaging solutions Roadshow presentation May-June 2026 1 May-June 2026
Slide 2: Contents
Contents Overview Strategy Segments Financials Sustainability Other Results Q1/2026 2 May-June 2026
Slide 3: Overview
1 Overview 3 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 4: This is Huhtamaki
THIS IS NET SALES EUR million 4,800 3,600 Global market and innovation leader in sustainable 2,400 packaging for food-on-the-go, food-on-the shelf 1,200 and everyday necessities. 0 Driving profitable growth through scaling core 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20
Slide 5: A strong local presence, delivering for our customers, globally
Sales split A strong local presence, 10% 24% delivering for our 31% customers, globally 35% Personnel split 9% 1% 23% 42% 25% Manufacturing unit Sales unit Foodservice Packaging Distribution center North America Minority shareholdings* Flexible Packaging Fiber Packaging Head office Corporate *Shareh
Slide 6: Huhtamaki in figures
Net debt and Net debt/ Adjusted EBITDA Adjusted return on Huhtamaki EUR million investment and equity in figures 3.1 2.5 % 14.8 15.1 14.9 2.2 2.0 1.9 13.4 13.6 1.8 13.2 12.1 11.7 11.8 11.3 11.2 11.0 867 1,520 1,471 1,288 1,216 1,177 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Net deb
Slide 7: Providing packaging for food and everyday necessities
Providing packaging for food and everyday necessities Food service FMCG Retail Healthcare Customers Food packaging Packaging for everyday necessities Products Paperboard Fiber Flexibles Packaging technology Non-integrated Global Leader Global Leader Global Category Leader 7 May-June 2026 OVERVIEW |
Slide 8: Packaging everyday life.
Packaging everyday life. Beverage-to-go Food-to-go Eggs and fruit Petfood Realiably and responsibly. Retail tableware Coffee packaging Packaged food Personal care 8 May-June 2026
Slide 9: Our operations are divided into four segments
Our operations are divided into four segments 24% 35% 31% 10% FOODSERVICE NORTH FLEXIBLE FIBER PACKAGING AMERICA PACKAGING PACKAGING mainly paperboard paperboard and fiber flexible packaging with rough molded fiber monomaterial solutions Main products Main products Main products Food packaging (FMCG
Slide 10: Foodservice Packaging, North America, Flexible Packaging, Fiber Packaging
Foodservice Packaging North America Flexible Packaging Fiber Packaging Net sales EUR 936 million EUR 1,405 million EUR 1,250 million EUR 380 million and split Europe Western Europe & UK Retail Europe Central & Eastern Europe Foodservice Asia Rest of world Rest of world Consumer goods Middle East and
Slide 11: Our 2030 Profitable Growth Strategy
Our 2030 Profitable Growth Strategy Scale up profitable Develop sustainable Operational core businesses innovation in excellence partnership with our customers Value drivers: 1 • Profitable growth supported by all levers Organic growth 2• Disciplined capital allocation Capex moderated while allowing
Slide 12: Our long-term financial ambitions
Our long-term financial ambitions Group Segments Comparable Adj. EBIT Absolute EPS growth Adj. RONA growth margin Foodservice 4-5% 10-12% 13-15% Packaging 5-6% 10-12% 13-15% 2-3x Net debt / North America 5-6% 11-12% 15-17% Comparable Adjusted EBIT Adjusted Adjusted growth margin ROI EBITDA Flexible
Slide 13: Clear steps to drive value creation
Clear steps to drive value creation Profitable growth; ambition of 5-6% annual Solid cash flow growth and 10-12% adj. EBIT margin • Capex for organic growth • Profitable growth • Bolt-on acquisitions for inorganic growth • Improved working capital • Disciplined capital allocation Return capital to s
Slide 14: Huhtamaki's sustainability ambition
Huhtamaki’s 100% 1.5°C aligned 2030 target Zero sustainability ambition of virgin fiber traced back to origin for Scopes 1&2 and Serious accidents First choice in sustainable packaging solutions absolute reduction for Scope 3 Deforestation- Minimizing Human water rights free and conversion-free cons
Slide 15: Strategy
2 Strategy 15 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 16: Protecting what matters: Packaging is essential for food and daily necessities
Protecting what matters: A shift in consumers’ packaging needs and Packaging is essential for demands creates profitable growth opportunities for Huhtamaki food and daily necessities Sustainability is driving industry • Packaging supports food from farm to fork, transformation, creating opportunitie
Slide 17: Our 2030 Profitable Growth Strategy
Our 2030 Profitable Growth Strategy Scale up profitable Develop sustainable Operational core businesses innovation in excellence partnership with our customers Value drivers: 1 • Profitable growth supported by all levers Organic growth 2• Disciplined capital allocation Capex moderated while allowing
Slide 18: Actions taken in our value drivers
Actions taken in our value drivers Profitable growth Disciplined capital Accountability and 1 supported by all levers 2 allocation 3 speed of execution Organic growth Capex moderated while allowing for growth Empower segments with clear accountability to • Focused approach to enable our customers dr
Slide 19: Towards a more moderated capex still above depreciation, allowing for growth
Towards a more moderated capex still above depreciation, Going forward, we want to be more allowing for growth disciplined with the capex allocation Capex increased significantly over time 318 318 ⅓ Maintenance Disciplined 259 248 capital allocation ⅓ 215 224 Return-focused 199 197 204 172 Efficienc
Slide 20: Our evolved operating model strengthens accountability
Our evolved operating model strengthens accountability Increased agility to win market share, faster VALUE CREATION Speed of execution 4 Accelerated Disciplined Accountability & DECISION MAKING Closer to customers 3 profitable growth capital allocation Speed of Execution Commercial, Return-focused E
Slide 21: Value creation model
Inputs Materials + Paperboard * Plastic resins + Recycled and virgin fiber + Approximately 68% of materials that we use are renewable or recycled Energy + Energy consumption 2,288 Gwh ‘+ Share of renewable electricity 60.9% Personnel + Competence and know-how of 17,390 employees Financial resources
Slide 22: Segments
3 Segments 22 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 23: Foodservice Packaging
Foodservice Packaging From paper cups for beverages and containers for food-on-the-go ProDairy to customized solutions for food packaging made from paperboard recyclable single coated paper cups for and molded fiber yogurt & dairy with less than 10% Financial ambitions plastic content across its ful
Slide 24: North America
North America Consumer goods packaging, foodservice products, and the Chinet® CHINET® line of premium single-use tableware Retailers and consumers alike have made our Chinet® brand plates, bowls, Financial ambitions cups and napkins America's number one premium single-use tableware 5-6% 11-12% 15-17
Slide 25: Flexible Packaging
Flexible Packaging State-of-the-art solutions for food, beverage, petfood, blueloop PE health care, personal care, and industrial market segments best-in-class mono-material purity with a wide range of options in both barrier Financial ambitions properties and aesthetics. Designed to support the cir
Slide 26: Leading the change for recyclable flexible packaging
Leading the change for recyclable flexible packaging From To mono-material solutions complex and non-recyclable designed to be recycled Complex Simple Multi-layer Mono-material Non-recyclable Weight reduction e.g., PET /Alu/PE PET/PET Met/PE CO2 reduction Paper/PET Met/PE PET/PE PET/EVOH PE All solu
Slide 27: Fiber Packaging
Fiber Packaging High-quality molded fiber packaging solutions for eggs, fruit and Egg packaging wine globally designed with sustainability, quality, and functionality in mind. Our egg packaging is Financial ambitions made from 100% recovered paper. We have a wide selection of egg cartons with hinged
Slide 28: Financials
4 Financials 28 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 29: Group financials 2016-2025
Group financials 2016-2025 2016 2017 20181 2019 2020 2021 2022 2023 2024 2025 Net sales MEUR 2,865 2,989 3,104 3,399 3,302 3,575 4,479 4,169 4,126 3,960 Comparable growth2 4% 3% 5% 6% -2% 7% 15% -2% -0% -1% Adjusted EBITDA3 MEUR 382 390 399 456 473 488 597 590 622 613 Margin3 13.3% 13.0% 12.8% 13.4%
Slide 30: Segment key figures (1/2)
Segment key figures (1/2) Foodservice Packaging Key figures (MEUR) 20181 2019 2020 2021 2022 2023 2024 2025 Long-term ambition Net sales 881.7 956.7 829.1 941.8 1,110.7 1,037.2 959.6 936.2 Comparable growth 4% 4% -10% 11% 18% 2% -5% -4 % 4-5% Adjusted EBIT 77.1 85.7 60.9 77.8 105.7 98.0 91.0 86.7 Ma
Slide 31: Segment key figures (2/2)
Segment key figures (2/2) Flexible Packaging Key figures (MEUR) 20181 2019 2020 2021 2022 2023 2024 2025 Long-term ambition Net sales 952.3 1,016.4 1,050.8 1,166.6 1,558.2 1,341.0 1,322.5 1,249.5 Comparable growth 7% 3% 1% 7% 14% -9% 1% -2 % 6-7% Adjusted EBIT 67.8 82.6 80.7 79.8 98.1 88.0 94.2 115.
Slide 32: Comparable net sales growth by business segment
Comparable net sales growth by business segment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Quarterly 22 22 22 22 23 23 23 23 24 24 24 24 25 25 25 25 26 Foodservice 18% 18% 22% 15% 11% 5% -3% -5% -5% -6% -6% -6% -4% -4% 0% -7% -8% Packaging North America 24% 14% 10% 10% 2% 1% 1% 4% -3% -2% -2
Slide 33: Our investments have enabled us to build capabilities and technologies for the future
Our investments have enabled us to build capabilities and technologies for the future UAE, Malaysia Ireland Short-run Huhtamaki flexible blueloop packaging, Eastern Europe Paper straws, Technology Europe expansion through Elif Folding carton, Distribution, Smooth- Europe Australia molded fiber lids
Slide 34: We will continue our efficient use of capital to create shareholder value
We will continue our efficient use of capital to create shareholder value Sources Uses Profit improvement Capex for organic growth Cash flow Working capital Investments Acquisitions to gain scale and efficiency capabilities Predictable and growing Leverage Net debt / adj. EBITDA Payout dividends - a
Slide 35: We will continue to drive long-term profitable growth
We will continue to drive Long-term long-term profitable growth ambition 10-12% Adj. EBIT margin Key drivers for profitability improvement Adj. EBIT margin 12% Commercial excellence Value add of innovative 11% Upgrading commercial technologies 10.2 % 10.1 % practices and digitalization Margin accret
Slide 36: Free cash flow and change in working capital
Free cash flow and change in working capital MEUR 2019 2020 2021 2022 2023 2024 2025 2026 200 174 150 122 128 109 104 100 83 85 71 71 68 74 52 57 54 56 50 43 38 29 28 7 6 10 0 -7 -18 -25 -20 -22 -50 -46 -54 -100 -150 -200 Q1 2019 Q3 2019 Q1 2020 Q3 2020 Q1 2021 Q3 2021 Q1 2022 Q3 2022 Q1 2023 Q3 202
Slide 37: Net debt to adjusted EBITDA at 1.9
Net debt to adjusted EBITDA at 1.9 • Net debt/adj. EBITDA at 1.9 Net debt, net debt/adj. EBITDA and gearing • At the end of Q1 2026: Covenant level 3.75 1,298 • Cash and cash equivalents 1,252 1,219 EUR 283 million 1,177 1,179 Ambition 2.0 2.1 2.0 2–3 • Unused committed credit 1.9 1.9 facilities ava
Slide 38: Loan maturities
Loan maturities Debt maturity structure March 31, 2026 • Average maturity 3.6 years at the end (EUR million) of Q1 2026 (2.9 at the end of Q1 2025) 700 • EUR 300 million bond issued in May 600 2026 500 400 300 200 100 0 2026 2027 2028 2029 2030 Later Bonds Other loans from financial institutions Com
Slide 39: 17 years of continuous dividend growth
17 years of continuous dividend growth Dividend per share, EUR • 17 consecutive years with increasing dividend • With proposed EUR 1.14 dividend per share, payout 1.14 1.00 1.05 1.10 ratio would be 46% 0.89 0.92 0.94 0.80 0.84 0.73 0.60 0.66 0.56 0.57 0.44 0.46 0.34 0.38 2008 2009 2010 2011 2012 201
Slide 40: Sustainability and role of packaging
Sustainability 5 and role of packaging 40 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 41: Good progress in our sustainability performance
Good progress in our sustainability performance YTD December 2025 Renewable or recycled materials [%] Renewable electricity [%] Non-hazardous waste recycled [%] Occupational Health & Safety 2030 ambition 80 100 90 12-month rolling 12-month rolling 67.9 60.6 84.6 LTIFR TRIR 0 100 0 100 0 100 1,23 2,5
Slide 42: Huhtamaki - First choice in sustainable packaging solutions
Huhtamaki - First choice in sustainable packaging solutions We develop products that are ready to recycle, ready to compost or ready to reuse We are committed to set targets to achieve net-zero greenhouse gas emissions by 2050, in alignment with science-based targets for a 1.5°C pathway.** Our perfo
Slide 43: Decarbonization target aligned with the Paris agreement
Decarbonization target aligned with the Paris agreement By 2030 • Cut scope 1 & 2 GHG emissions by over 50% Huhtamaki Huhtamaki Scope 1 & 2 emissions (tCO2e) (2022 baseline) commits to halving Scope 1 & 2 • Cut scope 3 GHG emissions* 700,000 emissions by 25% (2022 baseline) 600,000 Emission reductio
Slide 44: Huhtamaki's sustainability ambition
Huhtamaki’s 100% 1.5°C aligned 2030 target Zero sustainability ambition of virgin fiber traced back to origin for Scopes 1&2 and Serious accidents First choice in sustainable packaging solutions absolute reduction for Scope 3 Deforestation- Minimizing Human water rights free and conversion-free cons
Slide 45: Our approach to sustainable innovation
Our approach to sustainable innovation Sustainable ✓ Developing products that are ready to recycle, compost or reuse ✓ Efficient material use and simplified structures ✓ Less or no plastic content when applicable ✓ Responsibly sourced virgin fiber or recycled fiber Competitive ✓ Global scale & local
Slide 46: Our journey is recognized by the ESG ratings agencies
Our journey is recognized by the ESG ratings agencies CDP Ecovadis MSCI Sustainalytics 2025 Climate, Forest and Water 79/100 A Low risk B 2024 Climate A-, Forest B, Water 75 / 100 A Low risk B Performance N/A 97th percentile #7-9 / 14 #19 / 38 vs. industry Our strengths • Climate targets • Environme
Slide 47: Other
6 Other 47 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 48: Largest shareholders and split of shareholding
Largest shareholders and split of shareholding Top 10 shareholders – Finnish only Split of shareholding Number of % of total Shareholder Change Change % shares shares 1. Finnish Cultural Foundation 11,319,263 10.50 % 0 0.00 % 2. Varma Mutual Pension Insurance Company 4,045,567 3.75 % 0 0.00 % 37.0%
Slide 49: Foreign shareholding
Foreign shareholding 90,000 52% 80,000 50% 70,000 48% 60,000 46% 50,000 44% 40,000 42% 30,000 40% 20,000 10,000 38% 0 36% 07/2020 04/2024 01/2018 04/2018 07/2018 10/2018 01/2019 04/2019 07/2019 10/2019 01/2020 04/2020 10/2020 01/2021 04/2021 07/2021 10/2021 01/2022 04/2022 07/2022 10/2022 01/2023 04
Slide 50: Our Global Executive Team
Our Global Executive Team Ralf K. Wunderlich Fredrik Davidsson Sara Engber Thomas Geust President and CEO President, Foodservice President, North America CFO Packaging Interim president, Fiber Packaging Axel Glade Katariina Kravi Riikka Tieaho* Changsheng Wu President, Flexible EVP, HR, Safety and E
Slide 51: Board of Directors
Board of Directors Pekka Vauramo Kerttu Tuomas Mercedes Alonso Robert K. Essimari Kairisto Chairman of the Vice-Chairman Beckler Board IC HR HR AC IC HR AC Born 1957, Finnish citizen Born 1957, Finnish citizen Born 1966, Spanish and Swiss citizen Born 1961, U.S. citizen Born 1966, Finnish and German
Slide 52: CEO variable remuneration earning opportunity and performance measures
CEO variable remuneration earning opportunity and performance measures Short-term incentive plan 2026 (max. 150% of annual base salary) Criteria weighting In 2026, Huhtamaki introduced updates to the sustainability (ESG) metrics both in the short-term incentive (STI) and long-term incentive (LTI) pl
Slide 53: Q1/2026 results presentation
Q1/2026 results 7 presentation 53 May-June 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 54: Comparable net sales growth in a challenging market
Comparable net sales growth in a challenging market Interim Report Q1 2026 Ralf K. Wunderlich President and CEO Thomas Geust CFO 54 April 29, 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 55: Comparable net sales growth in a challenging market
Comparable net sales growth in a challenging market • Comparable sales increased, supported by volume growth • Negative currency impact continued • Adj. EBIT margin increased • Focused capital discipline drove strong cash flow delivery • Navigating challenges from the war in the Middle East • Strong
Slide 56: Macroeconomic and geopolitical uncertainty from the war in the Middle East
Macroeconomic and geopolitical uncertainty from the war in the Middle East Situation: Actions: • Operations in the region • Safety and security of our coworkers highest priority • Two factories in Dubai (Flexibles) • Our three sites in the region are all operating • One in Saudi Arabia (Foodservice)
Slide 57: Actions taken in our value drivers
Actions taken in our value drivers Profitable growth Disciplined capital Accountability and 1 supported by all levers 2 allocation 3 speed of execution Organic growth Capex moderated but still above depreciation Empower segments with clear accountability to • Focused approach to enable our customers
Slide 58: Business performance
01 Business performance 58 April 29, 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 59: Comparable net sales increased supported by volume growth
Comparable net sales increased supported by volume growth Net sales development in Q1 2026 Comparable net sales +1% (EUR million) 3 4 0 Positive sales volumes -63 Positive development in North 1,002 America and Fiber Packaging 947 Q1 2025 Organic Acquisitions Divestments Currency Q1 2026 Comparable
Slide 60: Adjusted EBIT margin increased
Adjusted EBIT margin increased MEUR Q1 26 Q1 25 Change Adj. EBIT increased by 1% Net sales 946.8 1,001.6 -5 % when excluding the EUR Adjusted EBIT1 94.5 98.5 -4 % -4.8 million currency Margin 10.0% 9.8% impact Adjusted EPS, EUR2 0.56 0.59 -5 % Capital expenditure 27.0 30.1 -10 % Free Cash Flow 10.0
Slide 61: Foodservice Packaging: Good cash flow delivery in adverse market conditions
Foodservice Packaging: Good cash flow delivery in adverse market conditions Key figures, EUR million Q1 26 Q1 25 Change Net sales (EUR million) Net sales 209.6 234.2 -11% Comparable growth -8% -4% 239 240 234 223 Adjusted EBIT 1 16.7 19.8 -16% 210 2025 Margin 8.0% 8.5% 2026 Adjusted RONA 10.3% 9.9%
Slide 62: North America: Net sales increased despite challenging weather conditions
North America: Net sales increased despite challenging weather conditions Key figures, EUR million Q1 26 Q1 25 Change Net sales (EUR million) Net sales 340.6 345.6 -1% 346 366 362 Comparable growth 8% -3% 341 331 1 Adjusted EBIT 34.0 40.5 -16% 2025 Margin 10.0% 11.7% 2026 Adjusted RONA 14.6% 18.5% C
Slide 63: Flexible Packaging: Margin improvement trend continued
Flexible Packaging: Margin improvement trend continued Key figures, EUR million Q1 26 Q1 25 Change Net sales (EUR million) Net sales 301.7 328.7 -8% 329 311 310 Comparable growth -3% -2% 302 300 Adjusted EBIT1 28.6 26.6 7% 2025 Margin 9.5% 8.1% 2026 Adjusted RONA 9.4% 7.5% Capital expenditure 5.9 5.
Slide 64: Fiber Packaging: Continued strong profitable growth
Fiber Packaging: Continued strong profitable growth Key figures, EUR million Q1 26 Q1 25 Change Net sales (EUR million) Net sales 96.8 95.8 1% Comparable growth 5% 10% 96 97 97 94 92 1 Adjusted EBIT 14.7 12.3 20% 2025 Margin 15.2% 12.8% 2026 Adjusted RONA 18.8% 15.9% Capital expenditure 7.4 7.4 0% O
Slide 65: Financial review
02 Financial review 65 April 29, 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 66: Currency impact still negative due to weak USD
Currency impact still negative due to weak USD Average Average Change in Change in Closing rates rate rate average closing Q1 25 Q1 26 rate Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 rate (YoY) Foreign currency USD 1.05 1.17 -11% 1.08 1.17 1.17 1.18 1.15 -6% translation impact INR 91.12 107.10 -18% 92.35 100.08
Slide 67: Currency headwinds weighing on reported figures
Currency headwinds weighing on reported figures EUR million Q1 26 Q1 25 Change • Comparable sales impacted by negative currency movements Net sales 946.8 1,001.6 -5 % Adjusted EBITDA 1 144.0 152.0 -5 % • Improved adj. EBIT margin 1 Margin 15.2% 15.2% 2 Adjusted EBIT 94.5 98.5 -4 % Margin 2 10.0% 9.8
Slide 68: Disciplined capital allocation drove improved cash flow generation
Disciplined capital allocation drove improved cash flow generation Free cash flow increased Free cash flow bridge Q1 2026 • Supported lower working capital (EUR million) impact and decreased capex • Lower reported EBITDA 150 134 0 1 2 1 10 -4 -3 -2 -17 -22 -30 -27 -78 -138 Reported Change in Net fin
Slide 69: Net debt to adjusted EBITDA at 1.9
Net debt to adjusted EBITDA at 1.9 • Net debt/adj. EBITDA at 1.9 Net debt, net debt/adj. EBITDA and gearing • At the end of Q1 2026: Covenant level 3.75 • Cash and cash equivalents , EUR 283 million , , • Unused committed credit , , Ambition facilities available EUR 450 2–3 million Net debt, M€ • Ne
Slide 70: Loan maturities
Loan maturities Debt maturity structure March 31, 2026 • Average maturity 3.6 years at the end (EUR million) of Q1 2026 (2.9 at the end of Q1 2025) 700 600 500 400 300 200 100 0 2026 2027 2028 2029 2030 Later Bonds Other loans from financial institutions Commercial paper program Drawn committed cred
Slide 71: Stable financial position
Stable financial position EUR million Mar 2026 Mar 2025 • Lower level of working capital Total assets 4,578 4,838 • Net debt decreased Working capital 620 669 • Equity impacted by translation Net debt 1,179 1,252 differences Equity & non-controlling interest 2,010 2,110 Gearing 0.59 0.59 Adjusted RO
Slide 72: Progress towards long-term financial ambitions
Progress towards long-term financial ambitions Long-term 2019 2020 2021 2022 2023 2024 2025 Q1 26 ambition Comparable net sales growth 6% -2% 7% 15% -2% 0% -1% 1% 5-6% Adjusted EBIT margin 8.6% 9.1% 8.8% 8.8% 9.4% 10.1% 10.2% 10.0% 10-12% Adj. ROI 12.3% 11.7% 11.3% 11.0% 11.2% 12.1% 11.8% 11.9% 13-1
Slide 73: Looking forward
03 Looking forward 73 April 29, 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 74: Outlook for 2026 and short-term risks and uncertainties
Outlook for 2026 and short-term risks and uncertainties Outlook for 2026 (unchanged) Short-term risks and uncertainties The Group’s trading conditions are expected to Decline in consumer demand, inflation in key cost remain relatively stable during 2026. The good items (including raw materials, labo
Slide 75: Upcoming events
Upcoming July 23, 2026 events Interim Report Q2 75 April 29, 2026 OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026
Slide 76: Disclaimer
Disclaimer Information presented herein contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or Huhtamäki Oyj’s or its affiliates’ (“Huhtamaki”) future financial performance, including, but not limited to, strategic plans, potential growth, expe
Slide 77: Thank you.
Thank you. Contact us at ir@huhtamaki.com OVERVIEW | STRATEGY | SEGMENTS | FINANCIALS | SUSTAINABILITY | OTHER | Q1/2026