Inside information: Huhtamaki accelerates strategy implementation by starting a three-year program to bring 100 MEUR cost savings
2023年11月30日 - 3:00PM
Inside information: Huhtamaki accelerates strategy implementation
by starting a three-year program to bring 100 MEUR cost savings
Inside information: Huhtamaki accelerates strategy
implementation by starting a three-year program to bring 100 MEUR
cost savings
HUHTAMÄKI OYJ, INSIDE INFORMATION, STOCK EXCHANGE RELEASE,
30.11.2023 AT 08:00 (EET)
Huhtamaki accelerates strategy implementation by starting a
program which is expected to materially support the profitability
of Huhtamaki with efficiency improvements leading to savings of
approximately EUR 100 million over the next three years. All cost
levers will be addressed including potential restructuring to a
more optimal manufacturing footprint, reducing input costs at an
accelerated pace, and improving productivity globally. The costs of
the program are expected to be approximately EUR 80 million, which
upon materialization will be treated as items affecting
comparability. The program’s performance will be monitored and
communicated on a regular basis.
Huhtamaki’s updated 2030 growth strategy was announced in March
2023. It is focused on scaling the profitable core for growth,
innovating in sustainable packaging solutions for additional
growth, and delivering world-class operational performance. With
this updated strategy the Company raised its long-term financial
ambition to grow 5-6% p.a., reach 10-12% adjusted EBIT%, and
deliver 13-15% adjusted ROI.
“Over the past two years considerable focus has gone into
investing for capacity expansion in our core businesses and
innovating in molded fiber and recyclable flexible packaging with
proprietary technology. Investments in our new innovation areas are
starting to yield results as production capacity is being deployed,
further driving our growth agenda.
We have made good progress in the execution of our plans, and we
see further potential in materially accelerating our financial
performance. With this announced program, we expect to make a clear
step change, working on all productivity levers in our operations
globally”, says Charles Héaulmé, President and CEO of
Huhtamaki.
For further information, please contact:Kristian Tammela, Vice
President, Investor Relations, tel. +358 10 686 7058
HUHTAMÄKI OYJGlobal Communications
About HuhtamakiHuhtamaki is a leading global
provider of sustainable packaging solutions for consumers around
the world. Our innovative products protect on-the-go and
on-the-shelf food and beverages, and personal care products,
ensuring hygiene and safety, driving accessibility and
affordability, and helping prevent food waste. We embed
sustainability in everything we do. We are committed to achieving
carbon neutral production and designing all our products to be
recyclable, compostable or reusable by 2030. Our blueloopTM
sustainable packaging solutions are world-leading and designed for
circularity.
We are a participant in the UN Global Compact, Huhtamaki is
rated ‘A’ on the MSCI ESG Ratings assessment and EcoVadis has
awarded Huhtamaki with the Gold medal for performance in
sustainability. To play our part in managing climate change, we
have set science-based targets that have been approved and
validated by the Science-Based Targets initiative.
With 100 years of history and a strong Nordic heritage we
operate in 37 countries and 116 operating locations around the
world. Our values Care Dare Deliver guide our decisions and help
our team of around 18 000 employees make a difference where it
matters. Our 2022 net sales totalled EUR 4.5 billion. Huhtamaki
Group is headquartered in Espoo, Finland and our parent company,
Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more
about how we are protecting food, people and the planet at
www.huhtamaki.com.
Huhtamaki Oyj (TG:HUKI)
過去 株価チャート
から 5 2024 まで 6 2024
Huhtamaki Oyj (TG:HUKI)
過去 株価チャート
から 6 2023 まで 6 2024