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2016-10-24

Huhtamäki Oyj: Huhtamaki revises its outlook on capital expenditure for 2016 due to higher growth investments

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 24.10.2016 AT 14:30

Huhtamaki revises its outlook on capital expenditure for 2016 due to higher
growth investments
Huhtamaki revises its outlook on capital expenditure for 2016 mainly as a
result of a major growth investment in the North America business segment
announced as a press release on September 19, 2016. In 2016 the Group's
capital expenditure is expected to be app. EUR 200 million, whereas in 2015
it was EUR 147 million. The outlook on trading conditions for 2016 remains
unchanged.

Revised capital expenditure outlook for 2016

Capital expenditure is expected to be higher than in 2015 with the majority of
the investments directed to business expansion.

Previous capital expenditure outlook for 2016

Capital expenditure is expected to be approximately at the same level as in
2015 with the majority of the investments directed to business expansion.

For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, CFO, tel. +358 10 686 7880
Kaisa Uurasmaa, Investor Relations, tel. +358 10 686 7815

HUHTAMÄKI OYJ
Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our
network of 73 manufacturing units and 23 sales offices in 34 countries, we're
well placed to support our customers' growth wherever they operate. Mastering
three distinctive packaging technologies, approximately 17,000 employees
develop and make packaging that helps great products reach more people, more
easily. In 2015 our net sales totaled EUR 2.7 billion. The Group has its head
office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on
Nasdaq Helsinki Ltd. Additional information is available at
www.huhtamaki.com.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via Globenewswire

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