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Huhtamäki Oyj HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE JUNE 18, 2008 AT 12.00
On April 23, 2008, Huhtamäki Oyj estimated the Group EBIT in 2008 to be at the level of the underlying Group EBIT of EUR 136 million* in 2007.
Huhtamäki Oyj is revising the earlier earnings estimate downwards. In 2008, the Group EBIT is expected to be below the 2007 underlying Group EBIT of EUR 136 million*. The revision is mainly due to current and anticipated high level of raw material, energy and distribution costs. Capital expenditure in 2008 is now expected to be below EUR 100 million.
*Excluding restructuring, goodwill impairment and tangible asset impairment charges, total amount EUR 108 million.
Huhtamaki will publish its interim report for January 1 - June 30, 2008 on July 18, 2008.
For further information, please contact: Timo Salonen, CFO, Tel. +358(0)10 686 7880
HUHTAMÄKI OYJ Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2007 net sales totaling EUR 2.3 billion. Consumer goods and foodservice markets are served by some 15,000 people in 66 manufacturing units and several sales offices in 36 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the OMX Nordic Exchange Helsinki. Additional information is available at www.huhtamaki.com.
