Huhtamäki

1. Dependence on the Input of Raw Materials: Huhtamäki Oyj is heavily dependent on the input of raw materials which may be subject to price volatility as well as political and environmental factors.

2. Macroeconomic Conditions: The company is also exposed to risks related to macroeconomic conditions such as inflation, deflation, or recession, which can adversely affect consumer spending and negative price fluctuations.

3. Increasing Intensifying Competition: Huhtamäki Oyj operates in a competitive industry with numerous competitors. As a result, its market position could be threatened by increased competition entering the market and introducing new and more effective products or services.

4. Exposure to Regulatory Risk: Huhtamäki Oyj is subject to a large array of laws and regulations, which can create risks for its business operations. Non-compliance with such laws and regulations can result in penalties, fines, or other financial losses.

5. High Capital and Operating Costs: Operating and capital costs for the company are high due to its specialized manufacturing processes and need to purchase a large amount of raw materials. This can be a risk for the company if it fails to properly manage costs or if market conditions become less favorable.