Huhtamäki Oyj: Huhtamaki invests in new fiber packaging capacity in South Africa
Huhtamaki invests in new South Africa
Huhtamaki, a global key advanced manufacturer of sustainable packaging solutions, is setting up a new manufacturing unit in KwaZulu-Natal in South Africa to serve its existing and new egg packaging customers in the KwaZulu-Natal area with a broad range of locally produced packaging solutions. The new facility will be located close to one of South Africa s main export ports, enabling competitive exports of egg packaging for customers across East Africa. The addition of a unit in KwaZulu-Natal is an important addition to our fiber packaging footprint in South Africa not only providing efficiencies in our service to customers in South Africa but an additional benefit in terms of proximity to a major port which will drive access to markets across East Africa. The new facility sets us up to better meet the growth of the fiber packaging sector and future demand fo
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Huhtamäki Oyj: Huhtamaki s 2020 Annual Report published
Huhtamaki s 2020 Annual Report published
Huhtamaki Annual Report 2020 has been published on the company website at www.huhtamaki.com/investors. The 2020 Huhtamaki Annual Report is comprised of four sections covering Huhtamaki s 2030 Strategy, including key strategic areas such as Sustainability and financial performance, ?and governance (Corporate Governance Statement and Remuneration Report)?. The report is available in Finnish and English. Huhtamaki will not publish a separate sustainability report for 2020.
For the first time, Huhtamaki is publishing its financial statements in accordance with the European Single Electronic Format (ESEF) reporting requirements. As per ESEF requirements, the primary statements have been labelled with XBRL tags, which have been verified by KPMG.
Huhtamäki Oyj s Results January 1-December 31, 2020: Solid performance despite COVID-19 pandemic
Huhtamäki Oyj s Results January 1-December 31, 2020: Solid performance despite COVID-19 pandemic
Q4 2020 in brief Net sales decreased 7% to EUR 813 million (EUR 875 million) Adjusted EBIT was EUR 73 million (EUR 75 million); reported EBIT was EUR 48 million (EUR 72 million) Adjusted EPS was EUR 0.48 (EUR 0.48); reported EPS was EUR 0.30 (EUR 0.46) Comparable net sales growth was -2% at Group level and -7% in emerging markets The impact of currency movements was EUR -52 million on the Group s net sales and EUR -5 million on EBIT
Q1-Q4 2020 in brief Net sales decreased 3% to EUR 3,302 million (EUR 3,399 million)