Q1 2025 Huhtamaki Oyj Earnings Call Transcript

Apr 24, 2025 / 06:00AM GMT

Release Date Price: $35.26

Transcript

Kristian Tammela

Huhtamaki Oyj - Vice President - Investor Relations

Good morning all and welcome to Huhtamaki investor call for first quarter of 2025. My name is Kristian Tammela, VP of Investor Relations. Today we have a presentation from our President and CEO, Ralf Wunderlich; and followed by our CFO Thomas Geust. After that, we will have time for Q&A as always. So with further ado, handing over to Ralf.

Ralf Wunderlich

Huhtamaki Oyj - Non-Executive Independent Director

Thank you so much, Kristian, and good morning to all of you. Very happy to be here again and report on our first quarter results. We're also happy to say that we had a stable performance in a very volatile environment. The uncertainty in the environment clearly increased during the quarter. However, our financial performance was stable and at prior year level.

We're also proud to say that our program to improve efficiency is proceeding well. And we are now a total savings of EUR87 million with the cost to achieve of EUR25 million by the end of quarter one, hence really

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