Elopak Q1 Report 2024

Elopak continued its strong performance in the first quarter of 2024, with 3.3% revenue growth and solid development in EBITDA margin. We have strengthened our position in our core markets. while moving forward with the construction of our factory in the US.

In Q1, we grew our market share in the EMEA region, in line with our strategic objective to grow in our core markets. We achieved this despite cautious consumer spending, primarily due to our strong customer relationships coupled with our innovative and sustainable product portfolio.

Highlights

  • Record high quarterly revenues at EUR 291.9 million (EUR 283.4 million) and organic revenue growth of 3.3%
  • Strong Pure-Pak® volume growth in Europe and MENA
  • Adjusted EBITDA reached EUR 46.1 million with a margin of 15.8% (14.5%)
  • Continued strengthening of capital structure. Leverage ratio reduced to 1.8x
  • Elopak commenced the construction of our new state-of-the-art facility in Little Rock, Arkansas (US)

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