contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

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

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Economist

Marianne Palmu

Analyst

Kaisa Vanha-Perttula

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.

Yes, we have two factories in the Flexible Packaging segment in the UAE and one factory in the Foodservice Packaging segment in Saudi Arabia. Assessing the impacts of the situation is difficult; it depends very much on the duration of the situation. Energy as a cost relative to net sales is typically 3-5% at the group level. Furthermore, the price of oil affects the price of plastics, at least to some extent and over some timeframe. If our raw material costs rise, we must pass them on to sales prices. Freight costs are also typically around 3-5% relative to net sales. It is, of course, more difficult to assess how this might potentially affect demand. That remains to be seen, and I cannot speculate on that at this stage. I hope this helps! /Kristian

By the way, what about Huhtamäki’s business in the Middle East? Do they own production facilities there? I seem to recall that they might have at least partial ownership of something. It would also be interesting to know how much the Middle East crisis directly affects Huhtamäki; increased freight costs at least come to mind. It unfortunately looks like the crisis is dragging on, though of course, a lot can happen in one night during US prime time. Did @Kristian_Tammela have time to answer? You can see it conveniently from the map on page 9 of the annual report. There are three production facilities right there in the Persian Gulf coastal states, in Saudi Arabia and the United Arab Emirates.

Hi! Good question! The expansion in Egypt, which belongs to the Fiber segment, is still in its early stages, and it will take a couple of years before we see significant results from it. However, the investment is not as substantial as, for example, the expansion near Chicago in the USA. We have stated that we have not been satisfied with the slow progress in ramping up this egg packaging-focused plant, mainly due to technical challenges. Regarding the Fiber segment, our utilization rates are at a very high level, and it was the only segment where investments increased last year. It is clear that we will need more capacity in the coming years as demand grows. Alongside egg packaging, fruit packaging in particular is a potential growth path. And when we consider different investment options, it is clear that acquisitions are also a realistic possibility that we are exploring at the same time. /Kristian

How are the current expansions progressing according to schedule, such as the Sadat City investment? Is the capacity for the investments on the Fiber side already “pre-sold,” so to speak? Based on the margins, pricing power and demand seem to be in better shape than in other sectors.

huhtamaki.com              huhtamaki-vuosikertomus-2025.pdf    8.59 MB                            If you want to browse the 2025 annual report, it is now possible. A few hundred pages to browse through.

That’s how it is; even though you have more cash on hand than your target, you shouldn’t let it burn a hole in your pocket. Using it responsibly is more sensible than the speed at which you deploy it.

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

Huhtamäki

Vi ökade idag Huhtamäkis vikt i Femmeportföljen med 7 procentenheter och tankade Europarådsfonden med 500 EUR.


<p><em>Automatisk &#xf6;vers&#xe4;ttning: Ursprungligen publicerad p&#xe5; finska 2025-10-28 11:11 GMT. Ge feedback <a href="https://forms.office.com/e/Q3HWRqeAY2">h&#xe4;r</a>.</em></p><p>Vi &#xf6;kade Huhtam&#xe4;kis vikt i Femmesalkku med 7 procentenheter och tankade p&#xe5; med 500 EUR i Europa-indexfonden. Vi k&#xf6;pte Huhtam&#xe4;ki ursprungligen i juni, varefter kursen har sjunkit ytterligare d&#xe5; &#xe5;ret resultatm&#xe4;ssigt har fortsatt i sidled, och marknadssituationen, pr&#xe4;glad av konsumenternas f&#xf6;rsiktighet, har inte visat n&#xe5;gra tecken p&#xe5; &#xe5;terh&#xe4;mtning. Huhtam&#xe4;kis uppsida i v&#xe4;rderingen, den m&#xe5;ttliga vinsttillv&#xe4;xtpotentialen p&#xe5; medell&#xe5;ng sikt och en direktavkastning p&#xe5; 4 % g&#xf6;r dock att aktiens f&#xf6;rv&#xe4;ntade avkastning fortfarande &#xe4;r attraktiv.</p>
<div>
<div lang="fi">
<div>
<p><em>Femmesalkku grundades med ett startkapital p&#xe5; 20 000 EUR v&#xe5;ren 2025. V&#xe5;r portf&#xf6;lj st&#xf6;ds av h&#xf6;gkvalitativa inhemska och utl&#xe4;ndska f&#xf6;retag och fonder som har h&#xe5;llbara konkurrensf&#xf6;rdelar och skapar aktie&#xe4;garv&#xe4;rde, vilket tillsammans m&#xf6;jligg&#xf6;r &#xf6;nskad diversifiering p&#xe5; l&#xe5;ng sikt.</em></p>
</div>
</div>
</div>

	2024	25e	26e
Revenue	4,126.3	3,995.7	4,175.0
growth-%	-1.0 %	-3.2 %	4.5 %
EBIT (adj.)	416.9	405.3	437.5
EBIT-% (adj.)	10.1 %	10.1 %	10.5 %
EPS (adj.)	2.47	2.44	2.64
Dividend	1.10	1.12	1.15
Dividend %	3.2 %	3.9 %	4.0 %
P/E (adj.)	13.8	11.7	10.8
EV/EBITDA	8.0	6.7	6.2

Femmesalkku:

Stay up to date

Key Estimate Figures2025-10-23

Forum discussions