Financial ambitions

Last updated: May 16, 2023

Long-term financial ambitions

Huhtamaki is a global market and technology innovation leader in packaging for food and everyday necessities. The company’s updated 2030 strategy focuses on four areas: scaling up its profitable core businesses, developing its blueloop™ sustainable innovation in partnership with customers, driving world-class operational performance across its global footprint and investing in strategic capabilities to drive its transformation journey.

 

Huhtamaki’s ambition is to be the first choice in sustainable food packaging. With our strategy focused on four pillars we aim to deliver sustainable profitable growth.

 

Huhtamaki's long-term financial ambitions are

  • Comparable growth: 5-6%
  • Adjusted EBIT margin: 10-12%
  • Adjusted return on investment (ROI): 13-15%
  • Net debt / Adjusted EBITDA ratio: 2-3
  • Dividend payout ratio: 40-50%

Key figures

  2019 2020 2021 2022 2023 Long-term ambition

Comparable growth

 6% -2% 7% 15% -2% 5-6%

Adjusted EBIT margin

 8.6% 9.1% 8.8% 8.8% 9.4% 10-12%

Net debt/Adjusted EBITDA

 2.0 1.8 3.1 2.5 2.2 2-3

Adjusted ROI

 12.3% 11.7% 11.3% 11.0% 11.2% 13-15%

Dividend payout ratio

 47% 47% 45% 40% 45% 40-50%

All figures excluding IAC

Financial segment ambitions

 

 

Comparable net  sales growth

Adj. EBIT margin

RONA
Foodservice Europe-Asia-Oceania

4-5%

10-12%

13-15%
Fiber packaging

3-4%

11–12%

14-16%
North America 5-6% 11–12% 15-17%
Flexible Packaging 6–7% 9–11% 11-13%