Huhtamaki is planning to evaluate options for its films business segment as a result of growing strategic focus on food packaging.
Jukka Moisio, CEO, Huhtamaki, said: “The acquisition of Positive Packaging also supports our growing focus on consumer food packaging. Due to this reason we have decided to evaluate options regarding our Films business. While the business is growing well and improving its profitability, it serves different end users than the other Huhtamaki businesses.”
Huhtamaki recently announced EBIT of EUR 54 million, a 10 percent increase in second quarter of 2014 as compared to the same period last year. Net sales increased 2 percent to EUR 628 million.
"Our organic growth this quarter was 7% against our target of 5%. Our good pace in the emerging markets continued and we achieved 12% organic growth. Huhtamaki's financial performance during the second quarter continued to be good. Our EBIT growth exceeds the net sales growth and improved RONA in most of the segments shows that our asset utilization is on a good level,” said Moisio.
The revenue of films business segment grew 7 percent to EUR 50.4 million while EBIT grew 83.3 percent to EUR 3.3 million in the second quarter. The segment serves global markets from manufacturing units in Europe, Asia, North America and South America.
