Huhtamäki Oyj’s Results January 1–December 31, 2019: Strong net sales growth and profitability improvement in 2019

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Q4 2019 in brief

  • Net sales increased 8 percent to EUR 875 million (EUR 813 million)
  • Adjusted EBIT was EUR 75 million (EUR 62 million); reported EBIT was EUR 72 million (EUR 27 million)
  • Adjusted EPS was EUR 0.48 (EUR 0.45); reported EPS was EUR 0.46 (EUR 0.17)
  • Comparable net sales growth was 5 percent at Group level and 6 percent in emerging markets
  • Currency movements had a positive impact of EUR 23 million on the Group’s net sales and EUR 2 million on EBIT

FY 2019 in brief

  • Net sales increased 10 percent to EUR 3,399 million (EUR 3,104 million)
  • Adjusted EBIT was EUR 293 million (EUR 251 million); reported EBIT was EUR 286 million (EUR 226 million)
  • Adjusted EPS was EUR 1.88 (EUR 1.69); reported EPS was EUR 1.82 (EUR 1.49)
  • Comparable net sales growth was 6 percent at Group level and 7 percent in emerging markets
  • Currency movements had a positive impact of EUR 90 million on the Group’s net sales and EUR 8 million on EBIT
  • Capital expenditure was EUR 204 million (EUR 197 million)
  • Free cash flow was EUR 226 million (EUR 80 million)
  • The Board of Directors proposes a dividend of EUR 0.89 (0.84) per share

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Source: Huhtamäki

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