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Company notes good net sales development, margins impacted by increased costs.
October 26, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Huhtamäki Oyj releases its third quarter 2018 interim report. For the third quarter, net sales were €780 million, compared to €732 million last year. Adjusted EBIT was €56.5 million, and EBIT was €56.4 million. Adjusted EPS was €0.38. Comparable net sales growth was 4% in total and 5% in emerging markets. For the first nine months of 2018, net sales were €2,291 million compared to €2,243 million in 2017. Adjusted EBIT was €186.7 million, down from €202.7 million in 2017, and EBIT was €196.1 mi...
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