Huhtamäki Oyj Announces Dividend for 2018, Payable on May 7, 2019; Announces Board Changes
April 25, 2019 at 04:31 pm IST
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Huhtamäki Oyj's, at its annual general meeting of shareholders, held on April 25, 2019, announced that dividend for 2018 was set at EUR 0.84 per share. The dividend will be paid to a shareholder who on the dividend record date April 29, 2019 is registered as a shareholder in the company's shareholders' register held by Euroclear Finland Ltd. The dividend will be paid on May 7, 2019.
The company announced that the Board of Directors elected Mr. Pekka Ala-Pietilä as the Chairman of the Board and Ms. Kerttu Tuomas as the Vice-Chairman of the Board.
Huhtamaki Oyj specializes in developing, manufacturing and marketing paper, cardboard and plastic packaging. Net sales break down by market as follows:
- outside catering (59.7%): disposable packaging and tableware for the fast-food professionals and vending machine. Net sales break down by geographic area between North America (58.5%) and Europe/Asia/Oceania (41.5%);
- food processing industry and consumer goods (40.3%): flexible packaging, films, molded fiber packaging, etc. for the packaging of food, cosmetics, household products, etc.
Net sales are distributed geographically as follows: Finland (1.8%), the United States (34.9%), Germany (10.5%), the United Kingdom (7.8%), India (6.3%), Turkey (4.2%), Australia (4.2%) , Thailand (3.8%), Poland (3%), South Africa (2.8%), Czech Republic (2.5%), and other (18.2%).