Huhtamaki Q4 2021 Earnings Update

Huhtamaki reported Q4 2021 net revenue of $109.4mm, up 21.3% year-over-year on constant currency basis, with Adjusted EBITDA of $35.7mm (32.6% margin). The company achieved balanced growth across geographies, increased machine placements to 133,000+ units, and completed the acquisition of Recycold Cool Solutions. The company maintained a strong balance sheet with $103.9mm in cash.