Huhtamäki’s Q1 net sales drop 5%, adjusted EBIT margin rises to 10%
Huhtamäki’s Q1 net sales fell 5% to €946.8 m, with a €62.6 m currency drag but 1% comparable growth. Adjusted EBIT reached €94.5 m, lifting the margin to 10.0%, while free cash flow turned positive at €10.0 m from -€22.5 m.
1. Net sales and comparable growth
Huhtamäki recorded net sales of €946.8 m in Q1, down 5% from €1 001.6 m a year earlier. Despite a €62.6 m negative currency effect, comparable net sales grew 1% at group level, reflecting resilient demand in key markets.
2. Profitability details
Reported EBIT declined to €83.2 m from €93.7 m, while adjusted EBIT was €94.5 m versus €98.5 m in Q1 last year. The adjusted EBIT margin improved to 10.0% from 9.8%, driven by cost discipline and favorable product mix.
3. Cash flow and capital expenditure
Free cash flow surged to €10.0 m from -€22.5 m, aided by lower working capital and disciplined spending. Capital expenditure fell 10% year-on-year to €27.0 m, supporting a stronger liquidity position.