Huhtamäki Oyj (0K9W) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, all, and welcome to the results call for Huhtamaki's Second Quarter of twenty twenty six. My name is Christian Tamela, VP of IR. We will now present our development in the second quarter, starting with the presentation by President and CEO, Ralf Underli followed by our CFO, Thomas Gerst. After the presentation, we have time for Q and A. With that, let's get started and handing over to Ralf. Thank you, Christian. Thanks for opening the call and really good to be back here. And today, of course, I'm very happy to report to you a very good outcome for both the quarter as well as the half for Huhtamaki. And that especially in a market which is still very volatile where we see a lot of uncertainties. And let me start with that one because most importantly is that even though there is a strong crisis in The Middle East with a war in Iran, we were able to secure the safety of our co workers in all our factories. And I'm also happy to say that we were able to secure raw materials and supply and deliver to our customers what they needed to ensure continuous supply of those. Now let me move to some of the outcomes. We had seen growth in the quarter, 2% comparable sales growth and we were able to pass on the very steep raw material cost increases. We saw volume growth in a couple of our segments, namely flexibles and fiber. And our adjusted EBIT did increase by 1% with a strong margin of 10.3% despite a EUR 2,000,000 negative currency impact in the quarter. We are continuing to be very disciplined when it comes to capital allocation. Now it is very important, if you go to the next slide, to also say a few words about the situation in The Middle East. And let me start with the facts. Facts are that we have six operations: two in Dubai, one in Saudi Arabia and three...