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Investing.com -- Finnish packaging company Huhtamaki reported flat sales in the second quarter of 2025, following a 2% decline in the seasonally weaker first quarter.
The company posted second-quarter EBIT of €103 million, compared to €98 million in the first quarter and €106 million in the same period last year. This result was in line with consensus estimates of €102 million. Earnings per share came in at €0.63, slightly above the consensus of €0.61.
Huhtamaki recorded a one-off restructuring charge of €53 million in the second quarter, with €39 million related to impairment and production consolidation in its Foodservice division. These measures were part of the company’s three-year €100 million efficiency program, which has now been completed.
The company noted significant market uncertainty during the first half of 2025, citing U.S. tariffs, a weaker U.S. dollar, and sales affected by cautious consumer spending. Despite these challenges, Huhtamaki maintained its 2025 outlook, expecting conditions to "remain relatively stable."
Huhtamaki will benefit from actions taken to optimize its manufacturing footprint, but requires volume recovery for operating leverage to become visible in its EBIT results.
The company currently trades at a price-to-earnings ratio of 13x, below its 10-year average of 16.3x.
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