Huhtamäki Oyj Full Year 2024 Earnings: In Line With Expectations

Huhtamäki Oyj (HEL:HUH1V) Full Year 2024 Results

Key Financial Results

• Revenue: €4.13b (down 1.0% from FY 2023).
• Net income: €224.1m (up 8.6% from FY 2023).
• Profit margin: 5.4% (up from 4.9% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: €2.14 (up from €1.97 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Huhtamäki Oyj Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of €1.46b (35% of total revenue). Notably, cost of sales worth €3.34b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €297.3m (53% of total expenses). Explore how HUH1V's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe.

Performance of the market in Finland.

The company's shares are up 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Huhtamäki Oyj has 1 warning sign we think you should be aware of.

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