In December we received a visit from Kristian Tammela, within IR, who presented the Finnish packaging company Huhtamäki. The company is included in our Nordic fund and is interesting from a sustainability perspective as part of the business is based on the shift from plastic to paper products.
Huhtamäki has operations all over the world and its customers include McDonald’s, Burger King and Starbucks (and the client relationships tend to be very long-term and stable). One of the long-term targets is an operating margin of 10-12%, which in the third quarter was just over 9%. In summary, an interesting presentation – please contact us for more information.
