Huhtamäki Oyj’s Results January 1-December 31, 2024: Solid year in a gradually improved market

For Huhtamaki, 2024 was a solid year, with improved safety performance and increased profitability. In the first half of the year, demand was muted in many markets. The second half saw gradual recovery, with variations across categories and regions. Demand for pre-packed food, especially egg packaging, increased, and flexible packaging saw gains in a volatile market. Food on-the-go volumes remained subdued, particularly for coffee chains, due to high prices caused by inflation. The North American foodservice market performed better than other regions. The ongoing Middle East conflict affected global brands in some Middle Eastern and Asian markets throughout the year.

In Q4, comparable net sales increased by 3%. Sales volumes growth was supported by customers’ promotional activities. We improved our profitability as the adjusted EBIT margin reached 10.4% and adjusted EBIT grew by 3% to EUR 110 million.

For the full year 2024, comparable net sales remained at the previous year’s level. Sales prices decreased due to a pass-through of lower raw material prices, while volumes increased slightly.
more at: https://www.huhtamaki.com/en/media/media/stock-exchange-release/2025/huhtamaki-oyjs-results-january-1-december-31-2024-solid-year-in-a-gradually-improved-market/