Huhtamaki at an all-time high

Huhtamaki at an all-time high
Huhtamaki at an all-time high

Huhtamaki set another record for 2016. Huhtamaki’s net sales and profitability reached all-time-high levels and met the mid-term ambitions set in early 2015. Their net sales were EUR 2.9 billion, adjusted EBIT margin strengthened to 9.4% from previous year's 8.7% and adjusted EPS grew by 11% to EUR 1.83 and comparable growth of 4% overall and 7% in emerging markets during the year. During the year, they made significant forward-looking growth investment decisions that help our customers serve their markets better. Largest acquisition in 2016 was Delta Print and Packaging, based in Northern Ireland and Poland, which extended their European product portfolio to folded carton packaging.

 

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Source: http://flexpack.info/