companyName

extensiveId

feedTypes

includeDividend

includeEstimates

includeOverview

includeOwnership

snapshotDate

CompanyName_Query

companySlug

CompanyMetaData

CompanyContent_query

company

query CompanyName_Query(
  $companyName: String!
  $extensiveId: ID
  $snapshotDate: String
  $feedTypes: [ContentType!]!
  $includeEstimates: Boolean!
  $includeOverview: Boolean!
  $includeOwnership: Boolean!
  $includeDividend: Boolean!
) {
  ...CompanyMetaData_Ux1x9
  ...CompanyContent_query_3mc3wd
}

fragment AnalystData on Analyst {
  name
  pageUrl
  jobTitle
  imgUrl
}

fragment AuthorList on Content {
  __isContent: __typename
  id
  authors {
    __typename
    id
    name
    pageUrl
  }
}

fragment ChangePercentBlock_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      diff1mPercentage
      diff1yPercentage
      diff3yPercentage
      diffFromStartPercentage
    }
    id
  }
}

fragment CompactFeed_3NXCcw on Query {
  compactFeed: feedContent(companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...TeaserExtraCompact_content
        createdAt
        companies {
          viewerIsFollowing
          id
        }
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment CompanyAnalystQuery on Company {
  analysts {
    ...AnalystData
    name
    pageUrl
    jobTitle
    imgUrl
    id
  }
}

fragment CompanyContent_query_3mc3wd on Query {
  ...CompanyHeader_query_Ux1x9
  ...CompanyOwnership_query_Ux1x9 @include(if: $includeOwnership)
  ...CompanyFinancials_query_Ux1x9 @include(if: $includeEstimates)
  ...CompanyDividend_query_Ux1x9 @include(if: $includeDividend)
  ...CompanyInvestorConsensus_query_Ux1x9
  ...CompanyPageTop_query_Ux1x9 @include(if: $includeOverview)
  ...CompanyPageBottom_query_2bVJwf @include(if: $includeOverview)
  ...CompanyDisclaimer_query_Ux1x9
  ...Extensive_query_3u4Ry5
}

fragment CompanyCoverage_Company on Company {
  analysts {
    name
    id
  }
  isPayingCustomerOf
  isFormerCustomerOf
  isCorporateCustomer
  ...CompanyAnalystQuery
  defaultInstrument {
    ...TargetAndRecommendation_Company
    id
  }
}

fragment CompanyDescription_Company on Company {
  description
  websiteUrl
  name
}

fragment CompanyDisclaimer_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    isPayingCustomerOf
    isFormerCustomerOf
    id
  }
}

fragment CompanyDividendER_query on Company {
  name
  defaultInstrument {
    estimateData {
      reportingCurrency
    }
    dividendTransactions: estimateTransactions(first: 1, includeQuarters: false) {
      actualized {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
      estimates {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
    }
    id
  }
}

fragment CompanyDividendNonER_query on Company {
  name
  defaultInstrument {
    nonERDividendSet: nonERCompanyNumberSet(includeQuarters: false) {
      year
      dividend
      dividendYield
      epsReported
      sharePrice
      currency
    }
    id
  }
}

fragment CompanyDividend_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...CompanyDividendER_query
    ...CompanyDividendNonER_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyFinancials_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...NonERCompanyNumbers_query
    ...CompanyNumbers_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyHeader_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    id
    companyInsref
    name
    viewerIsFollowing
    followersCount
    isCorporateCustomer
    hasPinpointData
    hasDividendHistory
    sector {
      sectorname
      industry
    }
    regions
    extensiveExists
    defaultInstrument {
      symbol
      priceData {
        tradeCurrency
        lastPrice
        diff1dPercentage
      }
      marketplace {
        name
      }
      estimates: estimateTransactions(first: 1, includeQuarters: false) {
        date
      }
      nonERCompanyNumberSet(first: 1, includeQuarters: false) {
        year
      }
      id
    }
    topOwners {
      holders {
        name
      }
    }
    transactions: insiderTransactions(filter: {types: [BUY, SELL, SUBSCRIPTION]}) {
      edges {
        node {
          date
          id
        }
      }
    }
  }
}

fragment CompanyInsiderTransactions on Company {
  name
  regions
  insiderTransactions(filter: {types: [BUY, EXERCISE_OF_SHARE_OPTION, PLEDGE, RECEPTION_OF_SHARE_PREMIUM, SELL, SUBSCRIPTION]}) {
    edges {
      node {
        insider
        position
        volume
        price
        date
        unit
        type
        relatedParty
        id
      }
    }
  }
}

fragment CompanyInvestorConsensus_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    companyInsref
    id
  }
}

fragment CompanyMetaData_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    description
    pageUrl
    defaultInstrument {
      estimateData {
        modelType
      }
      id
    }
    id
  }
}

fragment CompanyName_Slug on Company {
  slug
}

fragment CompanyNumbers_query on Company {
  name
  defaultInstrument {
    estimateData {
      modelType
      reportingCurrency
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      comparisonIndexName
      actualized {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
    }
    id
  }
}

fragment CompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      companyTransactions: estimateTransactions(first: 1, includeQuarters: false) {
        actualized {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
        estimates {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
      }
      id
    }
    id
  }
}

fragment CompanyOwners on Company {
  regions
  topOwners {
    recordDate
    compareDate
    source
    holders {
      name
      capitalPercent
      votingPowerPercent
      positionChange
      totalSharesChange
      shareChange
      isNew
      isRemoved
    }
  }
}

fragment CompanyOwnership_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    ...CompanyOwners
    ...CompanyInsiderTransactions
    id
  }
}

fragment CompanyPageBottom_query_2bVJwf on Query {
  ...GeneralFeed_data_3NXCcw
  ...CompactFeed_3NXCcw
  ...UpcomingEventsQuery_Ux1x9
  ...RiskRecommendMatrix_query_Ux1x9
  ...CompanyOverviewGraphs_query_Ux1x9
  ...NonERCompanyOverviewGraphs_query_Ux1x9
  company(companySlug: $companyName) {
    companyInsref
    ...ForumUpdates_Company
    defaultInstrument {
      coreId
      id
    }
    id
  }
  allFeed: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  main: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT, ANALYST_COMMENT, VIDEO, ARTICLE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  webcasts: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [WEBCAST]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  thirdPartyResearch: feedContent(first: 1, companySlug: $companyName, filter: {types: [THIRD_PARTY_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  releases: feedContent(first: 1, companySlug: $companyName, filter: {types: [STOCK_EXCHANGE_RELEASE, PRESS_RELEASE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyPageTop_query_Ux1x9 on Query {
  ...StockChart_ChartQuery_Ux1x9
  ...LatestReports_query_Ux1x9
  company(companySlug: $companyName) {
    isFund
    name
    ...CompanyCoverage_Company
    ...CompanyName_Slug
    ...CompanyDescription_Company
    ...FundNumbers_Company
    ...ChangePercentBlock_Company
    ...KeyEstimateFigures_Company
    ...InvestmentCompanyKeyFigures_Company
    defaultInstrument {
      id
      estimateData {
        modelType
      }
    }
    analysts {
      name
      id
    }
    id
  }
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment Extensive_query_3u4Ry5 on Query {
  company(companySlug: $companyName) {
    extensive(extensiveId: $extensiveId, snapshotDate: $snapshotDate) {
      publishedAt
      pageUrl
      content {
        id
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment ForumUpdates_Company on Company {
  name
  forum {
    threadUrl
    highlightedPosts {
      url
      author
      authorImgUrl
      text
      postedAt
      likesCount
    }
  }
}

fragment FundNumbers_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      lastPrice
      ath
    }
    id
  }
}

fragment GeneralFeed_data_3NXCcw on Query {
  generalFeed: feedContent(first: 20, companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...Teaser_content
        ...TeaserCompact_content
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment InvestmentCompanyKeyFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
    }
    estimateData {
      modelType
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      actualized {
        year
        quarter
        sharesTotal
        marketCap
        nav
        navPerShare
        dividendYield
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        dividendYield
      }
    }
    id
  }
}

fragment KeyEstimateFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
      lastPrice
      marketCap
    }
    sector
    fundamentalData {
      ebit
      eps
      sales
      dividend
    }
    estimateData {
      modelType
      estimates {
        firstEstimateYear {
          year
          bookValue
          netSales
          dividendA
          epsAdjusted
          ebitAdjusted
          hybridLoan
          noOfShares
          netDebt
          mvMinorities
          mvAssociated
          roePercent
        }
      }
    }
    estimatesSharePrice: estimateTransactions(first: 1) {
      estimates {
        sharePrice
      }
    }
    id
  }
}

fragment LatestReports_query_Ux1x9 on Query {
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
}

fragment NonERCompanyNumbers_query on Company {
  name
  defaultInstrument {
    nonERNumberSet: nonERCompanyNumberSet(includeQuarters: true) {
      year
      quarter
      revenue
      ebitda
      ebitReported
      epsReported
      dividend
      sharesTotal
      roe
      roi
      enterpriseValue
      marketCap
      gearingRatio
      equityRatio
      dividendYield
      sharePrice
      currency
      evSales
      evEbitda
      evEbit
      pb
      netIncome
      ptp
    }
    id
  }
}

fragment NonERCompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      overviewGraphsData: nonERCompanyNumberSet(includeQuarters: false) {
        year
        revenue
        ebitReported
        epsReported
        dividend
        dividendYield
        currency
      }
      id
    }
    id
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment RiskRecommendMatrix_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      riskData: estimateTransactions(first: 1) {
        businessRisk
        valuationRisk
      }
      id
    }
    id
  }
}

fragment StockChart_ChartQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    isFund
    defaultInstrument {
      coreId
      id
      marketOpen
      marketClose
      marketplace {
        region
      }
      priceData {
        lastPrice
      }
      returns {
        day
        week
        month
        threeMonths
        sixMonths
        year
        threeYears
        fiveYears
        tenYears
        ytd
        total
      }
    }
    id
  }
}

fragment TargetAndRecommendation_Company on Instrument {
  estimateData {
    modelType
    researchCurrency
    estimates {
      date
      recommendation
      targetPrice
    }
  }
}

fragment TeaserCompact_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  isPremium
  pageUrl
  lang
  companies {
    ...CompanyTagList
    id
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  ...AuthorList
}

fragment TeaserExtraCompact_content on Content {
  __isContent: __typename
  id
  title
  createdAt
  pageUrl
  lang
  companies {
    name
    pageUrl
    viewerIsFollowing
    id
  }
}

fragment Teaser_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  pageUrl
  imgUrl
  isPremium
  lang
  companies {
    ...CompanyTagList
    id
  }
  publishers {
    imgUrl
  }
  authors {
    __typename
    id
  }
  ... on AnalystComment {
    preview
  }
  ... on Article {
    preview
  }
  ... on CompanyReport {
    preview
  }
  ... on ThirdPartyCompanyReport {
    preview
  }
  ... on QA {
    preview
  }
  ... on Video {
    preview
    liveTime
    videoDuration
  }
  ... on Webcast {
    preview
    liveTime
  }
  ...AuthorList
  ...Reactions
}

fragment UpcomingEventsQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      calendarEvents(first: 10) {
        edges {
          node {
            date
            type
            period
            id
          }
        }
      }
      id
    }
    id
  }
}


name

description

pageUrl

defaultInstrument

companyInsref

viewerIsFollowing

followersCount

isCorporateCustomer

hasPinpointData

hasDividendHistory

sector

regions

extensiveExists

topOwners

insiderTransactions

isPayingCustomerOf

isFormerCustomerOf

extensive

feedContent

Huhtamäki

Huhtamaki to host a sustainability results call

Huhtamaki's 2025 Annual Report published

Huhtamäki Q4'25: Inget nytt från livsmedelsförpackningsfronten

Huhtamäki, Results 2025

Huhtamäki Q4'25 snabbkommentar: Studsen räckte återigen till ribban

Proposals by Huhtamäki Oyj’s Board of Directors to the Annual General Meeting of Shareholders

Huhtamäki Oyj’s Results January 1–December 31, 2025: Solid performance despite adverse currency impacts

Huhtamäki Q4'25 förhandskommentar: En snabb förbättring av marknadsläget är knappast i sikte, men förväntningarna har också sjunkit till måttliga nivåer

Modular Finance IR Consensus: Huhtamäki – Consensus estimates Q4 2025

Riikka Tieaho appointed Executive Vice President, Sustainability, Corporate Affairs & Legal, and General Counsel

Huhtamaki publishes 2025 results on February 13, 2026

Proposals by Huhtamäki Oyj’s Shareholders’ Nomination Board to the Annual General Meeting of Shareholders

Huhtamaki raises its climate ambition with updated greenhouse gas reduction targets validated by the Science Based Targets initiative (SBTi)

Femmesalkku: 

Huhtamaki extends the maturity of EUR 450 million sustainability-linked syndicated revolving credit facility for a further period of one year

Huhtamäki Q3'25: En rapport utan överraskningar på gott och ont

Huhtamäki Q3’25 snabbkommentar: Måttlig prestation i en fortsatt svag efterfrågesituation

Huhtamäki, Interim Report, January 1 - September 30, 2025 

Huhtamäki Oyj’s Interim Report January 1–September 30, 2025: Underlying profit improvements offset by adverse currency impact

Modular Finance IR Consensus: Huhtamäki – Consensus estimates Q3 2025

Huhtamäki Q3’25 förhandskommentar: Horisontell flygning har sannolikt fortsatt

Huhtamaki publishes its Q3 2025 Interim Report on October 23, 2025

UPM-Kymmene

Stora Enso

Metsä Board

Skogsbolaget Mondis affärsuppdatering för Q3 var en stor besvikelse för marknaden

Huhtamaki’s financial reporting 2026

Huhtamäki Oyj - Managers' Transactions (Wunderlich)

Head of Research

Antti Viljakainen

NASDAQ Helsinki

Huhtamäki is a manufacturing company. The company conducts operations in the packaging industry. The company's packaging is used for food products and includes fiber packaging, cartons, copper and other containers. The products are mainly delivered to customers in the food industry on a global level, mainly in Europe, South America and Asia. The company's head office is located in Espoo, Finland.

Alright, it’s reporting time again and Huhtamäki’s Q4 numbers are out. We were up against a fairly strong Q4 24. Overall, demand was similar to Q3. Demand remains weak overall, although some good segments can be found. Net sales decreased by 7%, but by 2% on a comparable basis. Foreign exchange rates had a significant negative impact on both net sales and operating profit, especially due to the weakened dollar. Adjusted operating profit was 103.2m, including a 4.3m currency impact. The margin strengthened further, rising to 10.5%. While we are pleased with the progress, it is clear that growth is missing, and it is our highest priority. Over the past year, we have focused on driving three priority areas: growth by leveraging all options, disciplined use of capital, and clear responsibilities and acceleration of execution. We renewed our operating model and took a significantly tighter grip on capital allocation. We focused on leveraging investments made in previous years, and as a result, investments decreased by 31% during the year. This partly supported the cash flow, which was strong, and net debt to adjusted EBITDA fell to 1.9. Full-year adjusted earnings per share was exactly the same as in 2024. Based on this and the strong cash flow, the Board proposes a dividend of EUR 1.14 per share to the Annual General Meeting. This would be the 17th consecutive year of dividend growth, the longest streak currently on the Helsinki Stock Exchange. The dividend payout ratio would be 46%, which is within our 40-50% range. Schedule for late winter and spring:   Annual Report will be published in the week starting March 2nd   Sustainability earnings call on March 23rd at 3:00 PM   Q1 report and Annual General Meeting on April 29th   Additionally, I will be moving to different duties within the company. I am moving to the finance side of our Flexible Packaging segment. We are currently looking for my successor, and I will switch roles once my successor has started. I will likely still be commenting on the Q1 figures here, but that remains to be seen. In any case, I would like to thank all the forum members for the great questions already! /Kristian

There is no guarantee for the future, but the consensus of all analysts is BUY

Inderes              Huhtamäki Q4'25: Ruokapakkausrintamalta ei mitään uutta - Inderes    Toistamme Huhtamäen osta-suosituksemme ja yhtiön tavoitehintamme 37,00 euroa.  Huhtamäen matalan arvostuksen nousuvara, keskipitkän tähtäimen kohtuullinen tuloskasvupotentiaali ja vajaan 4 %:n osinkotuotto nostavat mielestämme osakkeen...                             We reiterate our Buy recommendation for Huhtamäki and our target price of EUR 37.00. Huhtamäki’s Q4 report was roughly in line with expectations in terms of operational performance and outlook. We did not make any material changes to our forecasts following the report. In our view, the upside from Huhtamäki’s low valuation, the reasonable medium-term earnings growth potential, and a dividend yield of just under 4% continue to push the stock’s expected return clearly above the required rate of return from both a short-term and long-term perspective. – OP reiterates BUY and adjusts the target price to 39.50 (prev. 39.00)

Hi! Our balance sheet has indeed been strengthening steadily for a long time, and our net gearing ratio is now slightly below our target range. We are considering all options for capital allocation, but it is clear that growth is the most important of them. We are active, but at the same time very selective, especially regarding acquisitions. The decision on capital allocation, including share buybacks, ultimately rests with the Board, so I cannot comment more specifically on the matter here. /Kristian

Inderes              Huhtamäki Oyj:n Tilinpäätöstiedote 1.1.–31.12.2025: Vakaa tulos...    HUHTAMÄKI OYJ TILINPÄÄTÖSTIEDOTE 13.2.2026 KLO 8.30 Huhtamäki Oyj:n Tilinpäätöstiedote 1.1.–31.12.2025: Vakaa tulos epäsuotuisista valuuttavaikutuksista huolimatta Q4 2025 lyhyesti Liikevaihto...                             Q4 2025 in brief   Net sales decreased 7% to EUR 980.5 million (EUR 1,058.7 million)   Comparable net sales growth at Group level was -2%   Reported operating profit was EUR 89.0 million (EUR 95.0 million); adjusted operating profit was EUR 103.2 million (EUR 110.3 million) including an unfavorable currency impact of EUR 4.3 million   Reported earnings per share (EPS) were EUR 0.53 (EUR 0.61); adjusted EPS was EUR 0.65 (EUR 0.68)   The impact of currency fluctuations on Group net sales was EUR -58.9 million and on operating profit EUR -4.3 million   Q1-Q4 2025 in brief   Net sales decreased 4% to EUR 3,960.2 million (EUR 4,126.3 million)   Comparable net sales growth at Group level was -1%   Reported operating profit was EUR 320.5 million (EUR 372.3 million); adjusted operating profit was EUR 405.1 million (EUR 416.9 million) including an unfavorable currency impact of EUR 9.0 million   Reported earnings per share (EPS) were EUR 1.83 (EUR 2.14); adjusted EPS was EUR 2.48 (EUR 2.48)   The impact of currency fluctuations on Group net sales was EUR -125.1 million and on operating profit EUR -9.0 million   Capital expenditure was EUR 171.9 million (EUR 247.9 million)   Free cash flow was EUR 311.2 million (EUR 215.8 million)   The Board of Directors proposes a dividend of EUR 1.14 (EUR 1.10) per share   CEO’s review Reflecting on my first year as CEO, I am impressed by the strength, dedication, and commitment of our teams. Together, we have taken significant steps to improve workplace safety and our financial performance. In 2025, we defined and implemented our new strategic priorities and operating model. Our new strategic priorities are growth through all avenues, disciplined capital allocation, and clear accountabilities and accelerated execution. Their implementation already supported our financial performance during the past year. To achieve our financial targets, we must invest in growth by utilizing all these means. We are strengthening collaboration with regional and local customers, where we see encouraging growth opportunities. We also continue to work closely with international players. In terms of net sales growth, we succeeded in increasing sales volumes in two segments. Additionally, we resumed our M&A activities by acquiring Zellwin Farms in the North America segment. Capital is allocated with discipline to the most productive and fastest-growing segments. During the year, we leveraged the growth investments made in previous years, and consequently reduced our capital expenditure. Furthermore, we introduced a new operating model to simplify structures, accelerate decision-making, and clarify responsibilities. The segments are now fully independent and accountable for achieving their financial results. The changes have been well-received within the company, and we have made progress in all areas. Despite a 2% decrease in the Group’s comparable net sales in the final quarter of the year, sales volumes grew in the North America and Fiber Packaging segments. Coupled with continued efficiency measures, the Group’s adjusted operating profit margin rose to 10.5%. During the year, demand continued to be affected by consumer caution, geopolitical tensions, and uncertainty related to U.S. tariffs, although significant variation occurred between markets and business areas. Demand in the Foodservice Packaging and Flexible Packaging segments remained subdued. Demand development in the North America segment varied by product category but improved overall. In the Fiber Packaging segment, demand continued to improve, particularly due to increased demand for egg and fruit packaging solutions. During the year, our comparable net sales decreased by 1% and our adjusted operating profit margin rose to 10.2%. The significant efficiency measures we implemented supported our profitability, while we transitioned to a continuous improvement model aimed at ongoing competitiveness enhancement. Adjusted operating profit was weighed down by unfavorable currency fluctuations, which had a combined impact of -9 million euros. More disciplined capital allocation supported cash flow, and as a result, our balance sheet strengthened further as net debt to adjusted EBITDA decreased to 1.9. Our strong balance sheet provides us with options for value creation for our shareholders. Adjusted earnings per share remained stable, and Huhtamäki’s Board of Directors proposes a dividend of EUR 1.14 per share. If the proposal is approved, it would mark the 17th consecutive year of dividend growth, highlighting the long-term development of our business. I want to warmly thank our personnel for their tireless work and enthusiasm, as well as our customers and suppliers for their trust and cooperation. I believe that together we can continue to improve our performance and create value for all our stakeholders. Ralf K. Wunderlich  President and CEO

Here are also Viljakainen’s comments on Huhtamäki’s Q4 result.  Huhtamäki’s Q4 result reported this morning met our and consensus estimates despite the sluggish revenue. The company intends to continue its streak of dividend increases as expected with a 1.14 dividend proposal. The outlook for the current year was abstract as expected, but overall, according to our preliminary interpretation, no clear changes in either direction appear to have occurred in the group-level market situation or outlook.                   Inderes              Huhtamäki Q4'25 -pikakommentti: Pomppu riitti jälleen rimalle - Inderes    Huhtamäen Q4-tulos ylsi vaisusta liikevaihdosta huolimatta meidän ja konsensuksen ennusteisiin.

Here are OP’s Henri Parkkinen’s comments on Huhtamäki’s Q4  Huhtamäki’s Q4 revenue decreased from the comparison period, with the impact of negative currency exchange rate developments being significant. Operating profit, on the other hand, was higher than forecast. The most positive takeaway from the Q4 result was the strong operating margin in the Flexible Packaging segment. Senior Analyst Henri Parkkinen breaks down the company’s results and outlook in more detail in the video.

The Finnish Cultural Foundation

Varma Mutual Pension Insurance Company

Marianne Palmu

Kaisa Vanha-Perttula

Huhtamäki

30.44 EUR

+1.13 %