Huhtamäki Oyj (OTCPK:HOYFF) Q1 2025 Earnings Name April 24, 2025 2:00 AM ET
Firm Members
Kristian Tammela – Vice President, Investor RelationsRalf Wunderlich – President and Chief Government OfficerThomas Geust – Chief Monetary Officer
Convention Name Members
Lewis Merrick – BNP ParibasJames Perry – CitiMaria Wikstrom – SEBKevin Fogarty – Deutsche BankVictoria Adesina – BarclaysCole Hathorn – Jefferies
Kristian Tammela
Good morning, all and welcome to Huhtamaki’s Investor Name for the First Quarter of 2025. My identify is Kristian Tammela, VP of Investor Relations. Immediately, we’ve got a presentation from our President and CEO, Ralf Ok. Wunderlich; and adopted by our CFO, Thomas Geust. After that, we may have time for Q&A as at all times. So with additional ado, handing over to Ralf.
Ralf Wunderlich
Thanks a lot, Kristian, and good morning to all of you. Very comfortable to be right here once more and report on our first quarter outcomes. We’re additionally comfortable to say that we had a steady efficiency in a really risky setting. The uncertainty within the setting clearly elevated throughout the quarter. Nonetheless, our monetary efficiency was steady and at prior 12 months’s degree. We’re additionally proud to say that our program to enhance effectivity is continuing nicely, and we are actually at whole financial savings of €87 million with a price to attain of €25 million by the tip of quarter 1, therefore, actually monitoring nicely. We’ve got additionally taken actions in our three focus areas, which I alluded to throughout our final name.
Let’s flip over and take a look at the tariff scenario for Huhtamaki. Look, total, the scenario is evolving every single day and it’s means too early to attract conclusions. We’re nicely positioned to handle the scenario. Our enterprise is usually native. And it’s native for native with each the provision aspect
