Huhtamaki has announced its financial performance for the first quarter of 2015. The packaging company’s revenue increased 23 percent YoY to EUR 630 million.
“We had a good start to the year. All our business segments achieved organic growth and improved profitability. Our comparable net sales growth during the quarter was 5 percent,” said, Jukka Moisio, CEO, Huhtamaki.
The company’s comparable net sales grew 6 percent in emerging markets. EBIT amounted to EUR 49.7 million, a 29 percent increase as compared to EUR 38.4 million in first quarter of 2014.
“Net sales and earnings in North America and Flexible Packaging developed strongly. The weakness was primarily due to China, whereas our businesses in Southeast Asia, Russia and South America continued to grow,” added Moisio.
He continued, “The acquisition of Positive Packaging was finalized at the end of January and it contributed to net sales growth for two months. The integration is still in early stages, but we're happy to report positive earnings from the business already for the first two months.”
