Huhtamäki Oyj - Company Announcement

Huhtamaki specifies first quarter 2008 earnings estimate

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 31.3.2008 AT 14.00

As announced earlier, Huhtamaki estimates that the Group EBIT in the
first quarter will be lower than in the same period in the previous
year. The company now specifies that Group EBIT in the first quarter
2008 is approximately EUR 20 million (EUR 38 million in 2007).

The main reasons for the lower earnings are weaker performance during
the first quarter of this year in the Films business and a
significant one time gain received during the first quarter 2007
relating to a long-pending court proceedings settlement.

In the full year 2008, Group EBIT is still expected to be at the
level of the underlying EBIT in 2007 (EUR 136 million). Volatile raw
material and energy prices as well as movements in currency
translations remain relevant short-term business risks and
uncertainties in the Group's operations.

The first quarter 2008 report will be published on April 23, 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 Helsinki Stock Exchange. Additional information
is available at www.huhtamaki.com.