Elopak ASA ("Elopak", Oslo Børs Ticker: ELO) reports revenues of EUR 289.7
million for the second quarter 2025. This represents a growth compared to last
year of 2.4% adjusted for currency effects, primarily driven by Americas and
supported by the ramp-up of the new U.S. plant.
Q2 2025 highlights:
* The Group EBITDA margin for the second quarter was 15.4%. Adjusted for the
ramp-up of the new U.S. plant, the EBITDA margin was 15.8%. Organic revenue
growth was 2.4%
* Strong sales growth in Americas, up 14% from last year on a constant
currency basis
* U.S. plant in commercial production. Target remains to be fully ramped-up by
the end of the year
* Solid cash flow generation through the quarter enabling continued high capex
and dividend payment whilst maintaining stable leverage at 2.3x
* The Board has declared a dividend for the first half of 2025 of EUR 0.03 per
share in line with our dividend policy. First installment of the 2024
dividend of EUR 0.08 per share was paid in May
Commenting on Elopak's performance, CEO Thomas Körmendi said:
"We are pleased with the positive result and progress we've made in the second
quarter despite a more uncertain and challenging market environment. We
continue to show resilience across key markets and expect to continue the
strong performance from the first half of 2025, with full-year results in line
with our mid-term targets."
Every quarter ahead of the earnings announcement, Elopak collects earnings
estimates from the equity analysts currently covering Elopak. The consensus
estimates and the methodology used are published on the Elopak's Investor
Relations website:
www.elopak.com/investor-relations/share-information/analyst-coverage/.
The Q2 2025 results will be presented on August 14, 2025, at 09:00 CEST at
Arctic Securities, Haakon VIIs gate 5, 0161 Oslo. The presentation will be
held in English by CEO Thomas Körmendi and CFO Bent Kilsund Axelsen. To access
the live webcast of the results presentation, use the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20250814_6/
For the full report and presentation, please see the attachment or visit
www.elopak.com/investor-relations
(https://www.elopak.com/investor-relations/).
For further information, please contact:
Investors:
Christian Gjerde, Head of Treasury and Investor Relations
E-mail: christian.gjerde@elopak.com
Tel: +47 980 60 909
Erica Binde Honningsvåg, Investor Relations and Treasury Officer
E-mail: erica.honningsvaag@elopak.com
Tel: +47 975 91 102
Media:
Yannick Vanderveeren, Senior Communications Manager
E-mail: yannick.vanderveeren@elopak.com
Tel: +47 458 36 358
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-08-14 07:00 CEST.
About Elopak
Elopak is a leading global supplier of carton packaging and filling equipment.
The company's iconic Pure-Pak® cartons are made using renewable, recyclable
and sustainably sourced materials, providing a natural and convenient
alternative to plastic bottles that fits within a low carbon circular economy.
Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in
2021. Today it employs 2,850 people and sells 16 billion cartons annually
across more than 70 countries.
Elopak is a UN Global Compact participant member. We have set Science Based
Targets to reduce emissions in line with the 1.5-degree trajectory and aim to
be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were
rated top 2% sustainable companies in the world.
For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.