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Feb 8 2024, 07:40 GMT
Huhtamaki
8% Q4 EBIT beat, positive 2024 outlook
- Sectors : Paper & Packaging
- Companies : Huhtamaki
DAVY VIEW
Food and beverage packaging group Huhtamaki reported that Q4 2023 EBIT rose 15% year-on-year (yoy) to €107.5m, an 8% consensus beat, due to easing raw material costs and restructuring actions. With a positive 2024 outlook, we expect 2-3% consensus 2024E EBIT/EPS upgrades.
