Elopak s third quarter (Q3): Regaining momentum despite ongoing headwinds
Elopak ASA ("Elopak", Oslo Børs Ticker: ELO) reports encouraging progress across several parts of its business and continued improvements in financial performance, despite a challenging operating environment.
Third quarter 2026 summary
* Group revenue increased by 6.5% year-on-year (+6.0% in constant currency), while EBITDA totaled EUR 51.9 million, with a margin of 16.8% * EMEA delivered strong performance, with revenues rising 7.5%, supported by volume growth across Pure Pak® and Roll Fed in Europe * Americas revenues increased 5.9%, despite growth being constrained by the board supply disruption following the Nippon Dynawave incident. Insurance recoveries recognized in the quarter partly compensated for the additional costs, with further recoveries expected * ROCE increased to 15.4% while the leverage ratio remained stable at 2.2x * Net profit attributable to Elopak shareholders was EUR 25.0 million, an increase of 38% compared with the corresponding quarter last year * Håkon Volldal will assume the role of CEO effective November 2, 2026. Reinard Dreesmann has been appointed interim EVP Region Americas
Commenting on Elopak's performance, interim CEO Bent K. Axelsen said: "Our resilient results demonstrate that we can continue to drive progress and improvements through disciplined execution and a focused strategy. I am proud of how our teams have responded. We remain firmly committed to our 'Repackaging tomorrow' strategy and to delivering value for our shareholders".
Ahead of the quarterly earnings announcement, Elopak collects earnings estimates from the equity analysts currently covering Elopak. The consensus estimates and the methodology used are published on Elopak's Investor Relations website: www.elopak.com/investor-relations/share-information/analyst-coverage/.
The Q3 2026 results will be presented today at Arctic Securities, Haakon VIIs gate 5, Oslo, at 09:00 (CEST). The presentation will be held in English by interim CEO Bent Kilsund Axelsen and interim CFO Ola Buarøy. To access the live webcast of the results presentation, please use the following link: https://qcnl.tv/p/M6MME-ikQhHkQ47JdZriRQ.
For the full report and presentation, please see the attachment or visit 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
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, through the agency of the contact persons set out above, at 2026-10-27 07:00 CET.
About Elopak Elopak is a leading global supplier of paper-based packaging solutions, through the brands Pure-Pak®, D-PAKTM and Roll Fed, along with filling machines and services. The company's iconic Pure-Pak® cartons are made primarily from paperboard sourced from certified and controlled sources, providing a convenient alternative to plastic packaging.
Founded in Norway in 1957 and listed on the Oslo Stock Exchange, the company employs more than 3,000 people and provides its solutions across more than 70 countries.
Elopak has set Science Based Targets to reduce emissions in line with a 1.5-degree trajectory for scope 1 and 2, with a net-zero commitment by 2050.
For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.