Huhtamaki Oyj

Huhtamaki is engaged in the packaging for food and drink. Co. and its subsidiaries have the following four segments: Foodservice Europe-Asia-Oceania, which provides single and double wall paper cups, paper and plastic plates and bowls, plastic cups, cutlery, and food-to-go packaging; North America, which serves local markets in North America with Chinet® disposable tableware products, foodservice packaging products, as well as ice cream containers and other consumer goods packaging products; Flexible Packaging, which produces packaging and labels; and Molded Fiber, which uses recycled fiber to make egg cartons and trays, fruit trays and cup carriers, as well as other protective packaging.
  • TickerHUH1V
  • ISINFI0009000459
  • ExchangeNasdaq Nordic Helsinki
  • SectorGeneral Industrials
  • CountryFinland
Benedicte Aass ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Huhtamaki - Impressive delivery in a difficult quarter

Clean EBIT 47% above cons.; strong North America beat Lower raw material costs, expected to remain stable 2019 performance points to EUR 48/share

Benedicte Aass ...
  • Martin Melbye

Sector Fast Comment - June pulp data: shipments -4% y-o-y

Global shipments -4% y-o-y, to China -8% y-o-y Inventories up 3% m-o-m, 27% above hist. avg. Pulp prices are now up 2% YTD after a 2% drop in June

Benedicte Aass ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Huhtamaki - 47% above - higher margin in North America

Clean EBIT was 47% above - sales 4% better Beat due to better mix and lower raw material costs in NA Cons. to lift ‘20e clean EBIT by 10-15%, ‘21e by 3-5%

Benedicte Aass ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Huhtamaki - Impressive delivery in a difficult quarter

Clean EBIT 47% above cons.; strong North America beat Lower raw material costs, expected to remain stable 2019 performance points to EUR 48/share

Benedicte Aass ...
  • Martin Melbye

Sector Fast Comment - June pulp data: shipments -4% y-o-y

Global shipments -4% y-o-y, to China -8% y-o-y Inventories up 3% m-o-m, 27% above hist. avg. Pulp prices are now up 2% YTD after a 2% drop in June

Benedicte Aass ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Huhtamaki - 47% above - higher margin in North America

Clean EBIT was 47% above - sales 4% better Beat due to better mix and lower raw material costs in NA Cons. to lift ‘20e clean EBIT by 10-15%, ‘21e by 3-5%

Martin Melbye ...
  • Øystein Elton Lodgaard

Sector Report - Q2: A divided market

Martin Melbye ...
  • Øystein Elton Lodgaard

Sector Fast Comment - May pulp data: shipments +2% y-o-y

Global shipments 2% y-o-y, to China +4% y-o-y Inventories up 3% m-o-m, 20% above hist. avg. Pulp prices +5% YTD, but shown some weakness lately

With a more favourable environment, HUHTAMAKI OYJ improves to Slightly Positive

HUHTAMAKI OYJ (FI), a company active in the Containers & Packaging industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 22, 2020, the closing price was EUR 33.96 and its potential was estimated at EUR 38.77.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Huhtamaki – AGM 29 April 2020

In general, Huhtamäki is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 10 the board of directors seeks approval of the Company's executive remuneration policy. ECGS notes that, following the entry into force of the EU Shareholders'Rights Directive (SRD II), this is the first time that Huhtamäki puts its executive remuneration policy to a vote. In general, ECGS deems the overall level of transparency of the policy in line with Finnish standards. On the other hand, ECGS notes that the maximum total variable sa...

Expert Corporate Governance Service (ECGS)

Huhtamaki - AGM 25 April 2019

In general, Huhtamäki is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10, the Nomination Committee of the Board of Directors proposes to keep unchanged the fixed fees of Board members, but to increase by almost 50% the attendance fees per meeting held by the Board and Committees. We regret that no justifications have been provided for the proposed increase. Also considering that the Company's non-executive fees are at the upper level of Finnish market practice for a company with the size and complexity of Huht...

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