Market Research Report on Huhtamaki

Company Overview

Name

Huhtamaki

Mission of the Company

Our ambition is to be the first choice for sustainable packaging solutions globally. We strive to earn this position every day with our leading innovative products that ensure hygiene and safety for food on-the-shelf and food on-the-go. We believe in protecting food, people and the planet and supporting affordability and accessibility to food and everyday necessities for people around the world.

Foundation Information

• Founders: No information is available

• Year Founded: More than 100 years of history (Nordic heritage)

Key People in the Company

• CEO & President: Charles Héaulmé

• CFO: Thomas Geust

• EVP, Corporate Affairs and Legal: Sami Pauni

• VP, Investor Relations: Kristian Tammela

Headquarters

Espoo, Finland

Number of Employees

18,000 employees

Revenue

~4.2 billion euros net sales (2023)

Notable Recognition

• Rated ‘A’ on the MSCI ESG Ratings assessment

• Gold medal from EcoVadis for performance in sustainability

Areas of Expertise

Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our products protect on-the-go and on-the-shelf food, beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste.

Products

Overview of Products

Huhtamaki offers a wide range of packaging solutions underpinned by three distinctive technologies:
1. Fiber Technologies
2. Flexible Technologies
3. Paperboard Technologies

Detailed Product Segments

Fiber Foodservice EAO

• Description: Paperboard and molded fiber packaging solutions for food and beverages.

• Key Features:

• Suitable for fresh food and drinks

• High quality and recyclable

• Utilized in quick service and fast-casual restaurants, coffee shops, vending operators, and fruit and vegetable producers

North America

• Description: Packaging solutions for foodservice operators and branded consumer products.

• Key Features:

• Products include ice cream packaging, single-use tableware, food to go packaging

• Retail brand Chinet®, a premium disposable tableware brand

Flexible Packaging

• Description: Innovative flexible packaging for food, beverages, pet care, and more.

• Key Features:

• Products include light flexible packaging materials, pouches, and labels

• Suitable for food and drink, coffee packaging, pet food packaging, and pharmaceutical products

Additional Products

Beverage-to-go

• Full line of single and double-wall paper cups, cold drink cups, cup carriers, lids, and accessories

Food-to-go

• Take away trays, containers, clamshells, scoops, bowls, wraps, and various accessories

Retail and Catering

• Disposables and vending cups; Chinet® brand plates and bowls

Eggs, Fruit and Wine

• Fiber-based packaging including egg trays, fruit trays, and wine bottle separators

Beverage Packaging

• Multilayer films, wrappers, labels, pouches for coffee, tea, juice, energy drinks, and alcoholic beverages

Pet Food

• Ready-to-eat packaging including retort pouches, high barrier laminates, easy-open and reclosable bags and pouches

Personal and Home Care

• Packaging and labels for personal and home care products, tube laminates for toothpaste and pharmaceutical packaging

Recent Developments

New Products and Innovations

• Fiber-based Egg Cartons: Launching in the United States for the first time, made from 100% recycled materials

• Fiber Lids for Paper Cups: Renewable, recyclable, compostable and plastic free fiber lids designed for hot and cold beverages

Partnerships and Recognitions

• Huhtamaki Flexibles Istanbul: Honored with P&G’s 2023 Excellence Award

• EcoVadis Gold Medal: Received for the fourth consecutive year, placing in the top 5% of more than 130,000 rated companies worldwide

Sustainability Initiatives

• 2030 Strategy: Based on science-based targets aiming for carbon neutrality and 100% renewable electricity

• Commitment to Nature: Focus on leveraging agenda to enhance sustainability practices, embedding best practices across all operations

Financial Performance

• Net sales in Q2 2024: EUR 1,038 million

• Q2 2024 Adjusted EBIT: EUR 105 million

• Q2 2024 Adjusted EPS: EUR 0.63

Industry Events

• Fine Food Australia: 2-5 September, Melbourne, Australia

• Pack Expo International: 3-6 November, Chicago, USA

• Sustainable Packaging Summit: 12-13 November, Amsterdam, Netherlands