Huhtamaki Oyj (OTCPK:HOYFF)
$ 39.1449 -2.5551 (-6.13%) Market Cap: 4.04 Bil Enterprise Value: 5.53 Bil PE Ratio: 15.73 PB Ratio: 2.09 GF Score: 85/100

Q2 2019 Huhtamaki Oyj Earnings Call Transcript

Jul 19, 2019 / 12:00PM GMT
Release Date Price: $39.35
Unidentified Company Representative

Hello, ladies and gentlemen. This is [Arpov] from Huhtamaki Investor Relations. Welcome to our quarter 2 results call. I shall now hand it over to our President and CEO, Mr. Charles Héaulmé.

Charles HÃ;aulmÃ;HuhtamÃ;ki Oyj;CEO;President

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Good afternoon, everyone. My name is Charles Héaulmé, and it's my pleasure to be in this call for the first time, presenting our quarterly results for HuhtamÀki Group. And I will unfold immediately the results.

We -- starting with the sales growth for the second quarter of 2019, where we are reporting a strong net sales growth of 10%, reaching EUR 867 million, and that growth of 10% reported is composed of an organic comparable growth of 6% compared to the same period of last year. We want to mention that since it is an important part of our strategy, we are growing even more in the emerging markets with a 7% comparable growth. Then we are at about 2% of acquisitive growth, but -- and then EUR 25 million of

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