S&P Global Ratings upgraded Huhtamaki’s long-term rating to BBB- with a stable outlook

Core Viewpoint - S&P Global Ratings upgraded Huhtamaki Oyj's long-term issuer credit rating to BBB- with a stable outlook, indicating the company's credit rating is now considered investment grade [1]. Financial Position - Huhtamaki has a solid financial position, with a net debt to adjusted EBITDA ratio of 2.0 at the end of March 2025, which is at the lower end of the target range of 2-3x [2]. Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, with over 100 years of history and a strong Nordic heritage. The company operates in 36 countries with around 18,000 professionals across 102 locations [3]. - In 2024, Huhtamaki's net sales totaled EUR 4.1 billion, and the company is listed on the Nasdaq Helsinki with its head office located in Espoo, Finland [3].