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Huhtamaki Oyj (HUH1V.HE)

HUH1V.HE on Helsinki Stock Exchange

32.93EUR
7:22am EDT
Change (% chg)

€0.06 (+0.18%)
Prev Close
€32.87
Open
€32.87
Day's High
€33.03
Day's Low
€32.70
Volume
91,717
Avg. Vol
270,912
52-wk High
€42.33
52-wk Low
€31.96

Latest Key Developments (Source: Significant Developments)

Huhtamaki invests to grow its foodservice business in Eastern Europe
Friday, 3 Mar 2017 05:00am EST 

Huhtamaki Oyj : Invests to grow its foodservice business in Eastern Europe . Says will set up a greenfield paper cup manufacturing unit in Kiev, Ukraine .Manufacturing operations are expected to begin during 2018 and unit is expected to employ about 50 employees.  Full Article

Huhtamaki Q2 EBIT EUR 77.6 million, below expectations
Friday, 22 Jul 2016 01:35am EDT 

Huhtamaki Oyj : Q2 net sales 742.0 million euros ($817.98 million) versus 757 million euros in Reuters poll . Q2 EBIT 77.6 million euros (Reuters poll 81.8 million euros) . 2016 capital expenditure is expected to be about at same level as in 2015 with majority of investments directed to business expansion .Trading conditions are expected to remain relatively stable during 2016.  Full Article

Huhtamaki to reorganize in Asia-Oceania
Monday, 27 Jun 2016 06:00am EDT 

Huhtamaki Oyj : Huhtamaki to improve competitiveness in Asia-Oceania . Actions concern Foodservice Europe-Asia-Oceania segment's operations in China and New Zealand . Actions in Asia are expected to have an impact on about 350 employees across functions . Reorganization in New Zealand is expected to have an impact on about 15 employees . Says foodservice packaging manufacturing operations in South China will be consolidated into one unit . Will book loss of about 8 million euros ($8.8 million) as items affecting comparability (IAC) in the Foodservice Europe-Asia-Oceania business segment in Q2 .Says total effect of IAC's in Foodservice Europe-Asia-Oceania business segment in Q2 is slightly negative.  Full Article

Pöyry advice to Delta Packaging on its acquisition by Huhtamaki
Monday, 23 May 2016 07:30am EDT 

Poyry Oyj : Pöyry advice to Delta Packaging on its acquisition by Huhtamaki . Pöyry Capital acted as financial adviser to Delta and its owners .The success fee earned from this transaction will be recognised within management consulting business group order stock in Q2 2016.  Full Article

Huhtamaki acquires Delta Print and Packaging Limited
Thursday, 19 May 2016 09:05am EDT 

Huhtamaki Oyj : Huhtamaki has acquired Delta Print and Packaging Limited, a privately held folding carton packaging manufacturer based in Belfast, Northern Ireland, and its affiliated Polish unit European Packaging Solutions Poland Sp. Z o.o. with a new manufacturing unit in Gliwice, Poland . The net sales of the company for the year 2016 are expected to be approximately 70 million euros and it employs altogether approximately 300 employees in its two Manufacturing units . The debt free purchase price was 80 million pounds ($116.74 million) (approximately 103 million euros) .The business will become part of Huhtamaki's Foodservice Europe-Asia-Oceania business segment as of May 2016.  Full Article

Huhtamaki invests in Ivanteevka unit in Russia
Tuesday, 19 Apr 2016 02:10am EDT 

Huhtamaki Oyj:Says strengthens its position as egg packaging provider in Russia by investing at its manufacturing unit in Ivanteevka.Total investment of about 8 million euros consists of additional manufacturing capacity, warehouse extension and infrastructure improvement.New capacity will be operational in May 2016.  Full Article

Huhtamaki signs 150 million euro Schuldschein loan agreement
Tuesday, 22 Mar 2016 11:00am EDT 

Huhtamaki Oyj:Has signed 150 million euro Schuldschein loan agreement.It is divided into two floating rate and two fixed rate tranches with maturities of 5 and 7 years.Will use funds for refinancing and general corporate purposes of group.  Full Article

Huhtamaki Oyj expands joint venture in APPCO
Tuesday, 22 Mar 2016 10:00am EDT 

Huhtamaki Oyj:Expands joint venture relationship in Arabian Paper Products Company.Additional shares are acquired at price of about 4 million euros.As result of transaction non-recurring gain of about 8 million euros will be booked in Q2 2016 in Foodservice Europe-Asia-Oceania business segment.Huhtamaki's ownership in Arabian Paper Products Company (APPCO) will increase to 50 pct and operative territory of APPCO expands from Gulf Cooperation Council.  Full Article

Huhtamaki Oyj proposes a dividend for FY 2015, provides outlook for FY 2016
Thursday, 11 Feb 2016 01:30am EST 

Huhtamaki Oyj:Bboard of directors proposes a dividend of 0.66 euro per share for FY 2015.‍Trading conditions are expected to remain relatively stable during FY 2016​.FY 2016 capital expenditure is expected to be about at same level as in FY 2015​​.  Full Article

Huhtamaki unit to acquire FIOMO in Czech Republic
Wednesday, 23 Dec 2015 08:06am EST 

Huhtamaki Oyj:Huhtamäki's unit has entered into agreement to acquire FIOMO, a.s., privately owned manufacturer of flexible packaging foils and labels in Czech Republic.Debt-free purchase price is about 28 million euros ($30.56 million).Unit will become part of Huhtamaki's Flexible Packaging business segment.Transaction is expected to be finalized in early 2016.  Full Article

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