Huhtamäki - Paketoi pöperöt ja pirtelöt

Hi everyone, writing in English as my Finnish is pretty much non-existing :blush:

Just wanted to help the Huhtamaki investors here to understand a key peer from Denmark better: Brdr. Hartmann (“Hartmann Brothers” or internationally known as Hartmann Packaging). Hartmann and Huhtamaki control 80% of the European market for moulded fibre egg boxes (40% each). Hartmann is also building up a strong position in North America (about 10% we estimate).

We are a couple of analysts with background from Carnegie, Nordea, Danske Bank, who write about small/midcaps in the Nordics. I have personally met Huhtamaki a number of times during my career. Hartmann is just a peer for a smaller part of Huhtamaki’s business of course. Nevertheless, I thought it may be interested for you to get to know it a bit more :blush:

If you want to stay updated on our cases, we have a free newsletter you can sign up for. We have written about a few Finnish cases as well, and have met several Finnish companies since we startet up 3 months ago. We have a few more on our radar.

Anyway, here is the Hartmann article. Perhaps you get something out of it that you can use for your analysis of Huhtamaki!

Best, Frederik

https://www.stockpixinvesting.com/insights-archive/hartmannwatchlist

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