Q1 2019 Huhtamaki Oyj Earnings Call Transcript
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Good afternoon, and welcome to Huhtamäki Quarter 1 Earnings Call. Without further delay, I'll hand over to our CFO, Thomas Geust, who will present today. Go ahead, Thomas.
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Good afternoon from my side as well. So I'll start off immediately on Slide #2, which states total -- strong total net sales growth indicating on the 11% growth, which is growing in all elements or all categories.
So we have 5% coming from organic growth, with all segments contributing 5% comparable growth for total level where we ended up on full year basis 2018. So growth is continuing strongly.
We have an additional 3% growth coming from acquisitions. You recall that, we -- in 2018, we acquired 3 new businesses. So it's Tailored Packaging in Australia, CupPrint in Ireland and Ajanta for the Flexible segment in India. The 2 first ones was -- were invested into foodservice.
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