UHTAMÄKI OYJ INTERIM REPORT 29.4.2026 AT 8:30 EEST

Huhtamäki Oyj’s Interim Report January 1–March 31, 2026: Comparable net sales growth in a challenging market

Q1 2026 in brief

Net sales decreased 5% at EUR 946.8 million (EUR 1,001.6 million), including a currency impact of EUR -62.6 million (EUR 11.2 million)

Comparable net sales growth was 1% at Group level

Reported EBIT was EUR 83.2 million (EUR 93.7 million)

Adjusted EBIT was EUR 94.5 million (EUR 98.5 million), including a currency impact of EUR -4.8 million (EUR 1.2 million). Adjusted EBIT margin increased to 10.0% (9.8%)

Reported EPS was EUR 0.47 (EUR 0.54); adjusted EPS was EUR 0.56 (EUR 0.59)

Key figures


EUR million	Q1 2026	Q1 2025	Change	2025
Net sales	946.8	1,001.6	-5%	3,960.2
Comparable net sales growth	1%	-2%		-1%
Adjusted EBITDA1	144.0	152.0	-5%	613.0
Margin1	15.2%	15.2%		15.5%
EBITDA	133.8	149.8	-11%	613.3
Adjusted EBIT2	94.5	98.5	-4%	405.1
Margin2	10.0%	9.8%		10.2%
EBIT	83.2	93.7	-11%	320.5
Adjusted EPS, EUR3	0.56	0.59	-5%	2.48
EPS, EUR	0.47	0.54	-14%	1.83
Adjusted ROI2	11.9%	12.0%		11.8%
Adjusted ROE3	13.8%	13.3%		13.6%
ROI	9.3%	11.2%		9.5%
ROE	10.0%	12.4%		10.1%
Capital expenditure	27.0	30.1	-10%	171.9
Free Cash Flow	10.0	-22.5	>100%	311.2
1Excluding IAC of	-10.2	-2.1		0.4
2Excluding IAC of	-11.2	-4.7		-84.5
3Excluding IAC of	-9.8	-4.6		-68.0

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