ESPOO, Finland, Feb. 11, 2002 (PRIMEZONE) -- Huhtamaki:
A strong final quarter helped consumer packaging specialist Huhtamaki to good results in 2001. At EUR 2.4 billion, the company's annual net sales were 5% ahead of the corresponding pro forma figure for 2000, which excludes the industrial packaging operations divested in early 2001. The operating profit for the year advanced by 20% and earnings per share by 17%, to a record EUR 4.45 (before amortization). The favorable development is attributable to three factors:
-- Cost reduction, resulting from synergies and rationalization;
-- Incremental sales at healthy margins; and
-- Higher value added from an improving product mix and
lower raw materials costs
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download: www.waymaker.net/bitonline/2002/02/11/20020211BIT00620/bit0001.doc The Full Report www.waymaker.net/bitonline/2002/02/11/20020211BIT00620/bit0001.pdf The Full Report