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Huhtamaki: Return to profit in 2009 despite soft demand

Finnish packaging group Huhtamaki (Espoo; www.huhtamaki.com) has reported an operating profit (EBIT) of EUR 119m in 2009 (including non-recurring charges of EUR 13.9m), compared with a loss of EUR 74.5m in 2008 (including non-recurring charges of EUR 165m). Sales fell by 10% year-on-year to EUR 2.04 bn. Earnings improved in all segments other than films, which suffered from low demand throughout the year.

Huhtamaki CEO Jukka Moisio said the company had a financially strong year, despite a decline in sales volumes due to soft market sentiment and demand.

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