Huhtamäki Oyj (OTCPK:HOYFF) Q1 2025 Earnings Name April 24, 2025 2:00 AM ET
Firm Contributors
Kristian Tammela – Vice President, Investor Relations
Ralf Wunderlich – President and Chief Government Officer
Thomas Geust – Chief Monetary Officer
Convention Name Contributors
Lewis Merrick – BNP Paribas
James Perry – Citi
Maria Wikstrom – SEB
Kevin Fogarty – Deutsche Financial institution
Victoria Adesina – Barclays
Cole 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. At the moment, we now have a presentation from our President and CEO, Ralf Ok. Wunderlich; and adopted by our CFO, Thomas Geust. After that, we could 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 pleased to be right here once more and report on our first quarter outcomes. We’re additionally pleased to say that we had a secure efficiency in a really unstable setting. The uncertainty within the setting clearly elevated in the course of the quarter. Nevertheless, our monetary efficiency was secure and at prior yr’s degree. We’re additionally proud to say that our program to enhance effectivity is continuing nicely, and we are actually at complete financial savings of €87 million with a value to realize of €25 million by the tip of quarter 1, therefore, actually monitoring nicely. We now have 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 each day and it’s manner too early to attract conclusions. We’re nicely positioned to handle the scenario. Our enterprise is generally native. And it’s native for native with each the availability facet
