Q2 2026 Huhtamaki Oyj Earnings Call Transcript
Key Points
- Huhtamaki Oyj (HOYFF) reported a 2% comparable sales growth in the second quarter of 2026, demonstrating resilience in a volatile market.
- The company successfully managed to pass on steep raw material cost increases to customers, maintaining a strong adjusted EBIT margin of 10.3%.
- Volume growth was observed in key segments such as flexibles and fiber, contributing to overall business performance.
- Huhtamaki Oyj (HOYFF) maintained a disciplined approach to capital allocation, focusing on profitable growth and efficient use of resources.
- The company made significant progress in sustainability metrics, with over 99% recycled fiber usage and 61% renewable electricity consumption.
- The Middle East crisis led to increased energy and logistics costs, impacting the company's operations and supply chain.
- Operational challenges in North America, particularly in start-ups in Hammond and Paris, affected performance, with recovery expected to take time.
- The foodservice segment experienced negative growth of 1% in the quarter, with a 4% decline in the first half, indicating challenges in this area.
- Currency fluctuations had a negative impact, with a $2 million currency impact on EBIT in the quarter.
- Geopolitical uncertainties, including wars in the Middle East and Europe, continue to pose risks to the company's operations and market conditions.
Good morning, all, and welcome to the results call for Huthemanke's second quarter of 2026. My name is Christian Tammala, VP of IR.
We will now present our development in the second quarter, starting with the presentation by President and CEO, Ralf Underlich, followed by our CFO, Thomas Geost.
After the presentation, we have time for Q&A.
With that, let's get started and handing over to Ralf.
Thank you, Christian. Thanks for opening the call. And. Really good to be back here. And today, of course, I'm very happy to report to you a very good outcome for both the quarter as well as the half for Utamarki, and that especially in a market which is still very volatile where we see a lot of uncertainties.
And let me start with that one because most importantly is that even though there is a strong crisis in the Middle East with the war in Iran, we
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