Financial ambitions
Long-term financial ambitions
Huhtamaki has delivered strong growth in recent years, building strong foundations for the future. On March 23, 2020, Huhtamaki announced that it has renewed its long-term 2030 strategy in order to maintain its growth trajectory and meet future transformative trends. Huhtamaki focuses on growth, competitiveness, talent and sustainability. Following the strategy renewal, Huhtamaki outlined its long-term financial ambitions and introduced new 2030 sustainability ambitions.
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+%
- Adjusted EBIT margin: 10+%
- Net debt / Adjusted EBITDA ratio: 2-3
- Dividend payout ratio: 40-50%
Key figures
| 2015 | 2016 | 2017 | 20181 | 2019 | 2020 | Long-term ambition | |
|
Comparable growth |
4% |
4% |
3% |
5+% |
6% |
-2% |
5+% |
|
Adjusted EBIT margin |
8.7% |
9.4% |
9.0% |
8.1% |
8.6% |
9.1% |
10+% |
|
Net debt/Adjusted EBITDA |
1.6 |
1.8 |
1.8 |
2.3 |
2.0 |
1.8 |
2-3 |
|
Dividend payout ratio |
40% |
40% |
42% |
49% |
47% |
47% |
40-50% |
All figures excluding IAC.
1 FY 2018 figures restated for IFRS 16 impact.
Financial segment ambitions
|
Comparable net sales growth |
EBIT margin |
|
| Foodservice Europe-Asia-Oceania |
5–7% |
9–11% |
| Fiber packaging |
5–7% |
13–15% |
| North America | 2–5% | 9–10% |
| Flexible Packaging | 6–8% | 9–11% |