MOSCOW (MRC) - Finnish packaging maker Huhtamaki on Friday reported second-quarter operating profit in line with market expectations and stood by its outlook for trading conditions to remain relatively stable in 2014, said Reuters.
The company, known for making paper cups for McDonald's , posted April-June underlying operating profit of 54 million euros (USD73 million) compared to a mean forecast of 53.6 million in a Reuters poll of analysts and year-ago 49.2 million.
Sales in the quarter amounted to 628 million euros, also in line with analyst expectations.
Huhtamaki said earlier on Friday it will start evaluating options for its Films business and could eventually divest the operation.
As MRC wrote before, Huhtamaki, the Finnish-based consumer packaging specialist with worldwide operations, will build a moulded fibre egg packaging unit adjacent to its existing packaging facility in the greater Moscow area.
The new unit will concentrate on a narrow range of high-volume premium egg packaging, with complementary products sourced from other Huhtamaki units and technology licensees. This supply network enables the company to start sales and deliveries while the new unit is still under construction. The company already has a specialised fresh foods sales force in Russia.
MRC