Huhtamäki Oyj (0K9W) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, all. Welcome to Huhtamakis Q1 twenty twenty six Results Call. My name is Kristian Thammel, VP of IR. We have today released the Q1 report and are hosting our AGM later today. We will now have a presentation first by our President and CEO, Ralf Wunderli and then by CFO, Thomas Gerst. And after that, we, as usual, have time for Q and A. And with that, let's get started and handing over to Ralf. Thank you very much, Christian, and welcome and good morning to all of you listening into this results call today. I'm, in fact, very pleased to report that we had comparable net sales growth in what you know is a very challenging market. And of course, our growth was supported also by volume growth, which is also very pleasing. Negative currency impact, which we have seen last year in three of the last three quarters already continued into the first quarter this year, which is giving us a negative impact both on the net sales side as well as on the EBIT side. However, our adjusted EBIT margin increased versus last year and is at 10%. So we are, again, very pleased with that outcome. Our focus on capital discipline also continued and enabled us to show a very strong cash flow in the first quarter, significantly up on last year again. We are, and that's the news of February, end of February now, asked to navigate the challenges which we are seeing from the war in the Middle East. So the team is on that, and that's clearly a very important task for us going forward. You have seen the latest changes of the management team, and I'm really happy to now say that we have a very strong management team in place, which will help the company going forward. Let me dive in into the macroeconomic and geopolitical situation after the war in the Middle East started. And let me fir...