Elopak Half-Year Report 2023

• Revenues increased by 8%, to EUR 278.0 million, driven by growth in EMEA and Americas
• Organic growth was 6%, or EUR 14.6 million, adjusted for currency translation effects and revenue from acquired businesses
• Adjusted EBITDA was EUR 41.6 million, an improvement of EUR 15.1 million
• Strong cash flow generation, leverage ratio reduced to 2.6x
• Elopak will build a new plant in the USA to further leverage the high customer demand in the region

Compared to the same quarter last year, Elopak reported revenue growth of 8% – or EUR 19.5 million – in Q2 2023. Adjusted for acquisitions and currency translation effects, the organic revenue growth was 6%. Adjusted EBITDA for the Group in Q2 grew by EUR 15.1 million to EUR 41.6 million, reflecting a 14.9% margin.