Huhtamaki initiates efficiency improving measures to improve competitiveness
(Thomson Reuters ONE) -
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 4.3.2013 AT 09:45
Huhtamäki Oyj has initiated efficiency improving measures in order to improve
competitiveness within its Foodservice Europe-Asia-Oceania -segment. Employee
cooperation procedures have been initiated within the Group's Foodservice units
in Hämeenlinna, Finland and Epping, South Africa. In addition, a cost savings
program has been initiated within the Films business segment.
A non-recurring charge of approximately EUR 10 million will incur during 2013 to
cover the costs of the measures, the majority of which will be booked during the
first half of the year. Approximately EUR 5 million of the costs are cash costs
and the outflow is expected to take place during 2013. The targeted annual cost
savings are EUR 6 million. The majority of the savings will materialize in the
Group's results in 2014.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Timo Salonen, CFO, tel. +358 10 686 7880
HUHTAMÄKI OYJ
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2012 net sales totaling EUR 2.3 billion. Foodservice and consumer goods
markets are served by approximately 14,200 people in 64 manufacturing units and
several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has
its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki
Ltd. Additional information is available at www.huhtamaki.com.
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Huhtamäki Oyj via Thomson Reuters ONE
[HUG#1682636]
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2013 - 08:45 Uhr
Sprache: Deutsch
News-ID 235312
Anzahl Zeichen: 2208
contact information:
Town:
Espoo
Kategorie:
Business News
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