Huhtamäki Oyj’s Half-yearly Report January 1–June 30, 2026

Ralf K. Wunderlich, President and CEO: In Flexible Packaging, volume growth supported net sales, while passing on raw material cost increases. Driven by strong cost savings and volume growth, adjusted EBIT increased significantly, resulting in an adjusted EBIT margin of 10.8%. The segment continued to make progress on the turnarounds of underperforming units, improved its operations and managed the impact of the crisis in the Middle East. In North America, lower net sales and operational challenges at a few plants had a negative impact on adjusted EBIT and cash flow. Net sales were impacted by the timing of Easter and only partly offset by deliveries related to the World Cup and the U.S. 250th anniversary celebrations in July. For the first half of the year, comparable net sales were at the previous year’s level. To improve efficiency and address specific operational issues, self-help actions have been initiated.

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