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
| 2016 | 2017 | 20181 | 2019 | 2020 | 2021 | 2022 | Long-term ambition | |
|
Comparable growth |
4% |
3% |
5+% |
6% |
-2% |
7% |
15% |
5-6% |
|
Adjusted EBIT margin |
9.4% |
9.0% |
8.1% |
8.6% |
9.1% |
8.8% |
8.8% |
10-12% |
|
Net debt/Adjusted EBITDA |
1.8 |
1.8 |
2.3 |
2.0 |
1.8 |
3.1 |
2,5 |
2-3 |
|
Adjusted ROI |
14.7% |
13.6% |
11.6% |
12.3% |
11.7% |
11.3% |
11.0% |
13-15% |
|
Dividend payout ratio |
40% |
42% |
49% |
47% |
47% |
45% |
40% |
40-50% |
All figures excluding IAC.
1 FY 2018 figures restated for IFRS 16 impact.
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% |