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
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