Elopak’s second quarter (Q2): Continued growth while navigating headwinds with resilience and strategic focus

Elopak ASA 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 declares 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