Huhtamäki Oyj - Company Announcement

Huhtamaki 2008 pro forma figures based on the new segment structure

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 6.4.2009 AT 09.00


As announced earlier, Huhtamäki Oyj adopted new segment structure for
financial reporting as of January 1, 2009. The Interim Report for
January 1 - March 31, 2009 will be according to the new structure. In
the tables below quarterly figures for 2008 have been adjusted to
match the new segments.

The reporting segments as of January 1, 2009 are:


Flexibles Global
Flexibles business is organized as a global segment. Flexibles are
used for food and pet food packaging as well as non-food consumer
packaging.

Films Global
Films business is organized as a global segment. Films are mainly
used for technical applications in the label, adhesive tape, hygiene
and health care industries, as well as building and construction,
automotive, packaging and graphic arts industries.

North America
The segment includes the Rigid and Molded Fiber business in North
America and Mexico. Rigid paper and plastic packaging, which serves
ice-cream and other consumer goods as well as foodservice markets, is
completed with Molded Fiber Chinet® disposable tableware products.

Rough Molded Fiber Global
The segment includes the Rough Molded Fiber business in Europe,
Oceania, Africa and South America. Rough molded fiber is used to make
fresh product packaging, such as egg and fruit packaging.

Foodservice Europe-Asia-Oceania
Foodservice paper and plastic disposable tableware is supplied to
foodservice operators and fast food restaurants.

Rigid Consumer Goods Plastics
The segment includes the Rigid Consumer Goods Plastics business in
Europe, Oceania and South America. Rigid plastic packaging serves the
consumer goods markets with fresh food, dairy, ice cream and edible
fats packaging.


Segments


Segment information is presented according to the IFRS standards.
Items below EBIT - financial items and taxes - are not allocated to
the segments.

Unaudited



Net sales
                                         Q4    Q3    Q2    Q1   Q1-Q4
EUR million                            2008  2008  2008  2008    2008

Flexibles Global                      117.9 123.9 124.7 127.8   494.3
  - Intersegment net sales             -0.8   1.4   1.7   1.0     3.3
Films Global                           40.9  50.8  51.6  50.5   193.8
  - Intersegment net sales              1.0   1.5   1.8   2.6     6.9
North America                         148.5 132.4 137.6 113.3   531.8
  - Intersegment net sales              1.4   1.0   1.0   0.8     4.2
Rough Molded Fiber Global              51.5  53.1  54.1  54.7   213.4
  - Intersegment net sales              0.2   0.3   0.1   0.0     0.6
Foodservice Europe-Asia-Oceania       107.0 118.7 124.6 106.4   456.7
  - Intersegment net sales              7.9   8.1   8.2   8.6    32.8
Rigid Consumer Goods Plastics          83.0  93.2  97.9  95.9   370.0
  - Intersegment net sales              3.8   4.7   6.4   4.9    19.8
Elimination of intersegment net sales  13.5  17.0  19.2  17.9    67.6
Total                                 548.8 572.1 590.5 548.6 2,260.0




EBIT
                                       Q4   Q3   Q2   Q1  Q1-Q4
EUR million                          2008 2008 2008 2008   2008

Flexibles Global (1                 -16.6  3.9  5.5  6.2   -1.0
Films Global                          0.1  3.7  3.6  0.5    7.9
North America (2                      1.2 10.5 14.4  7.3   33.4
Rough Molded Fiber Global (3         -1.4  3.7  3.0  3.1    8.4
Foodservice Europe-Asia-Oceania (4  -15.2  5.9  5.3  2.4   -1.6
Rigid Consumer Goods Plastics (5   -117.7 -1.4 -4.8  0.5 -123.4
Other activities                      1.9 -0.1  0.0  0.0    1.8
Total (6                           -147.7 26.2 27.0 20.0  -74.5



1) Q4 2008 includes includes restructuring charges MEUR 1.7, goodwill
impairment charges MEUR 7.4 and tangible asset impairment charges
MEUR 8.8.
2) Q4 2008 includes restructuring charges MEUR 2.0 and tangible asset
impairment charges MEUR 3.2.

3) Q4 2008 includes goodwill impairment charges MEUR
3.7.

4) Q4 2008 includes restructuring charges MEUR 3.3, goodwill
impairment charges MEUR 7.1 and tangible asset impairment charges
MEUR 4.1.


5) Q4 2008 includes restructuring charges MEUR 2.3, goodwill
impairment charges MEUR 54.1 and tangible asset impairment charges
MEUR 60.9, Q3 2008 includes restructuring charges MEUR 0.1, Q2 2008
includes restructuring charges MEUR
6.8.

6) Q4 2008 includes restructuring charges MEUR 9.3, goodwill
impairment charges MEUR 72.3 and tangible asset impairment charges
MEUR 77.0, Q3 2008 includes restructuring charges MEUR 0.1, Q2 2008
includes restructuring charges MEUR 6.8, total amount MEUR
165.5.





Depreciation and amortization
                                  Q4   Q3   Q2   Q1 Q1-Q4
EUR million                     2008 2008 2008 2008  2008

Flexibles Global                 5.2  5.1  4.5  4.5  19.3
Films Global                     1.1  1.7  1.6  1.4   5.8
North America                    5.2  4.3  4.3  4.3  18.1
Rough Molded Fiber Global        2.7  2.8  2.9  3.0  11.4
Foodservice Europe-Asia-Oceania  5.5  7.6  5.2  5.2  23.5
Rigid Consumer Goods Plastics    3.9  4.4  4.4  4.5  17.2
Other activities                 0.6  0.3  0.2  0.2   1.3
Total                           24.2 26.2 23.1 23.1  96.6






Net assets allocated to the segments (7
                                           Q4    Q3    Q2    Q1
EUR million                              2008  2008  2008  2008

Flexibles Global                        359.7 389.2 373.1 381.4
Films Global                            133.1 146.2 140.8 145.3
North America                           379.2 390.2 358.9 370.0
Rough Molded Fiber Global               164.1 177.6 180.2 182.6
Foodservice Europe-Asia-Oceania         244.2 284.0 286.0 293.6
Rigid Consumer Goods Plastics           129.7 262.0 267.7 276.3




7) Net assets include the following balance sheet items: intangible
and tangible assets, other non-current assets, inventories, trade and
other current receivables
(excluding accrued interest income), other non-current liabilities
and trade and other current liabilities (excluding accrued interest
expense).


Capital expenditure
                                  Q4   Q3   Q2   Q1 Q1-Q4
EUR million                     2008 2008 2008 2008  2008

Flexibles Global                 4.9  3.0  8.6  4.7  21.2
Films Global                     0.5  0.8  1.0  2.1   4.4
North America                    5.9  4.0  2.6  1.3  13.8
Rough Molded Fiber Global        4.8  3.1  1.0  0.8   9.7
Foodservice Europe-Asia-Oceania  6.3  4.2  3.2  3.2  16.9
Rigid Consumer Goods Plastics    4.1  1.3  1.4  0.7   7.5
Other activities                 0.1  0.0  0.0  0.7   0.8
Total                           26.6 16.4 17.8 13.5  74.3





RONA, % (12m roll.)
                                    Q4     Q3     Q2     Q1
                                  2008   2008   2008   2008

Flexibles Global                 -0.3%   3.7%   4.7%   5.5%
Films Global                      5.6%   5.9%   6.6%   6.8%
North America                     8.9%   7.8%   8.0%   8.7%
Rough Molded Fiber Global         4.8%   7.6%   7.6%   8.1%
Foodservice Europe-Asia-Oceania  -0.6%   8.1%   7.1%   6.9%
Rigid Consumer Goods Plastics   -52.8% -34.6% -31.1% -27.4%





Operating Cash Flow
                                  Q4   Q3   Q2   Q1 Q1-Q4
EUR million                     2008 2008 2008 2008  2008

Flexibles Global                12.7 -3.2  6.7  4.6  20.8
Films Global                    13.9  0.5  7.7  2.5  24.6
North America                   16.5  6.7 23.1 -3.9  42.4
Rough Molded Fiber Global        3.6  3.9  8.7  1.2  17.4
Foodservice Europe-Asia-Oceania  3.6  7.6 14.5  1.3  27.0
Rigid Consumer Goods Plastics   11.6 -1.2 19.9  5.5  35.8



As net sales and EBIT of reportable segments form Groups' total net
sales and EBIT, reconciliations to corresponding amounts are not
presented.




For further information, please contact:
Mr. 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 2008 net sales totaling EUR 2.3 billion. Consumer
goods and foodservice markets are served by some 14,600 people in 65
manufacturing units and several sales offices in 35 countries. The
parent company, Huhtamäki Oyj, has its head office in Espoo, Finland
and is listed on the NASDAQ OMX Helsinki Ltd. Additional information
is available at www.huhtamaki.com.