{"id":3402,"date":"2024-10-25T08:50:10","date_gmt":"2024-10-25T12:50:10","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3402"},"modified":"2024-10-25T08:50:10","modified_gmt":"2024-10-25T12:50:10","slug":"huhtamaki-sees-1-drop-in-net-sales-for-q3-2024","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3402","title":{"rendered":"Huhtam\u00e4ki sees 1% drop in net sales for Q3 2024\u00a0\u00a0"},"content":{"rendered":"


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Huhtamaki provides sustainable packaging solutions for consumers around the world. Credit: T. Schneider via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Huhtam\u00e4ki, a Finnish food packaging company, has reported a 1% decrease in net sales for the third quarter (Q3) of financial year 2024 (FY24), with figures standing at \u20ac1.02bn ($1.10bn) compared with \u20ac1.03bn in the same period of the previous fiscal year.\u00a0\u00a0<\/p>\n

In Q2 FY24, the company\u2019s net sales dropped by 1%<\/a> to \u20ac1.03bn.\u00a0\u00a0<\/p>\n

Despite this slight decline in sales, the company experienced a notable increase in earnings per share (EPS), which rose by 33% to \u20ac0.57 in Q3 FY24 from \u20ac0.42 in Q3 FY23.\u00a0<\/p>\n

The company\u2019s earnings before interest and taxes (EBIT) also saw an uplift, reporting a 2% increase to \u20ac95.1m in Q3 FY24 from \u20ac92.8m in the corresponding quarter of the previous year.\u00a0\u00a0<\/p>\n

Huhtam\u00e4ki\u2019s earnings before interest, taxes, depreciation, and amortisation followed a similar trend, with a 2% rise to \u20ac148.4m in Q3 FY24 from \u20ac145.4m in Q3 FY23.\u00a0<\/p>\n

Looking at the first three quarters of the fiscal year as a whole, Huhtam\u00e4ki\u2019s net sales decreased by 2% to \u20ac3.06bn compared with \u20ac3.13bn in the same period last year.\u00a0\u00a0<\/p>\n

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