Huhtamäki Oyj’s Interim Report January 1–March 31, 2020: Solid net sales growth and profitability in an increasingly uncertain environment

HUHTAMÄKI OYJ INTERIM REPORT 29.4.2020 AT 8:00Huhtamäki Oyj’s Interim Report January 1–March 31, 2020: Solid net sales growth and profitability in an increasingly uncertain environmentQ1 2020 in briefNet sales increased 5% to EUR 845 million (EUR 802 million)Adjusted EBIT was EUR 74 million (EUR 68 million); reported EBIT was EUR 83 million (EUR 68 million)Adjusted EPS was EUR 0.46 (EUR 0.44); reported EPS was EUR 0.53 (EUR 0.44)Comparable net sales growth was 3% at Group level and -3% in emerging marketsCurrency movements had a positive impact of EUR 10 million on the Group’s net sales and EUR 1 million on EBITKey figures¹Excluding IAC of EUR 13.1 million in Q1 2020 (EUR -0.1 million) and EUR -7.6 million in 2019.
²Excluding IAC of EUR 8.9 million in Q1 2020 (EUR -0.1 million) and EUR -7.6 million in 2019.
³Excluding IAC of EUR 6.9 million in Q1 2020 (EUR -0.1 million) and EUR -5.9 million in 2019.Unless otherwise stated, all comparisons in this report are compared to the corresponding period in 2019. Figures of return on investment (ROI), return on equity (ROE) and return on net assets (RONA) as well as net debt to EBITDA presented in this report are calculated on a 12-month rolling basis.The figures in the tables are exact figures and consequently the sum of individual figures may deviate from the sum presented. Key figures have been calculated using exact figures.Charles Héaulmé, President and CEO