The Huhtamäki Group's comparable net sales growth was 1% during the quarter. 2Q 2017 net sales grew to Euro 772 million, compared to Euro 742 million in 2Q 2016, as the company said in the press release received by Lesprom Network.
2Q 2017 adjusted earnings before interests and taxes (EBIT) were Euro 75.6 million. Foreign currency translation impacted the Group's profitability by Euro 2 million.
Profit for the quarter was Euro 55 million, compared to Euro 57 million).
The Group's comparable net sales growth was 2% during the first half of the year with a positive contribution from all business segments. Comparable growth in emerging markets was 1%. Growth was strongest in Eastern Europe and Southeast Asia, while net sales declined significantly in India. The Group's net sales grew to Euro 1,511 million, compared to Euro 1,414 million.
1H 2017 adjusted EBIT were Euro 138.4 million
Profit for the period was Euro 100 million.
Huhtamaki is a global specialist in packaging for food and drink.
