Finnish-based Huhtamäki, a global producer of food and beverage packaging, reported first-quarter revenue in line with expectations, while operating profit came in ahead of forecasts.

Net sales fell 5.5 percent to 947 million euro (1,002). This outcome compares with the Modular Finance analyst consensus of 944 million euro.

EBITDA amounted to 134 million euro (150), representing an EBITDA margin of 14.1 percent (15.0).

Adjusted EBITDA reached 144 million euro (152), with an adjusted EBITDA margin of 15.2 percent (15.2).

Operating profit was 83 million euro (94), resulting in an operating margin of 8.8 percent (9.4).

Adjusted operating profit amounted to 95 million euro (99), beating the expected 91 million euro, with an adjusted operating margin of 10.0 percent (9.9).

Adjusted earnings per share were 0.56 euro (0.59).

The quarter was characterized by geopolitical challenges, unfavorable currency effects, and weather-related disruptions in North America. Cash flow showed a marked improvement, with all segments contributing positively.

The Fiber segment performed strongly with increased sales and improved profitability, while Foodservice Packaging was weighed down by weak demand. In Flexible Packaging, margins were bolstered through strategic measures as the company navigated rising raw material prices.

The company continues to see market uncertainty but remains focused on growth, disciplined capital allocation, and efficient execution, with the objective of driving sustainable and profitable growth.