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Elopak ASA
Market news
Financials
Income Statement
Revenue
Net income
| (EUR) | Dec 2024info | Y/Y change |
|---|---|---|
Revenue | 283.39M | -1.31% |
Operating expense | 87.46M | 13.47% |
Net income | 8.37M | -38.38% |
Net profit margin | 2.95 | -37.63% |
Earnings per share | 0.04 | -20.00% |
EBITDA | 38.11M | 10.31% |
Effective tax rate | 62.87% | — |
Balance Sheet
Total assets
Total liabilities
| (EUR) | Dec 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 28.05M | 110.79% |
Total assets | 1.06B | 9.64% |
Total liabilities | 702.76M | 8.57% |
Total equity | 352.65M | — |
Shares outstanding | 268.81M | — |
Price to book | 2.21 | — |
Return on assets | 5.11% | — |
Return on capital | 6.99% | — |
Cash Flow
Net change in cash
| (EUR) | Dec 2024info | Y/Y change |
|---|---|---|
Net income | 8.37M | -38.38% |
Cash from operations | 45.87M | -7.25% |
Cash from investing | -34.61M | -85.68% |
Cash from financing | -7.16M | 84.42% |
Net change in cash | 6.73M | 143.77% |
Free cash flow | -43.78M | -297.02% |
About
Elopak is a Norwegian company producing cartons for liquids, starting with aseptic gable top cartons for milk. The company was founded in 1957 by Johan Henrik Andresen and Christian August Johansen as a European licensee of Pure-Pak, the Elopak name standing for European License Of PURE-PAK. In 1987, Elopak bought the Ex-Cell-O Packaging Systems Division from which it was originally a licensee, and hence got full ownership of Pure-Pak.
The CEO of the company was Bjørn Flatgård from 1996 until his resignation in 2007. The current CEO is Thomas Körmendi. Körmendi joined the company in 2018.
In 2003 the company had some 2500 employees and a revenue of about 4 billion Norwegian Kroner, and is the world's third largest supplier of packaging for beverages.
All production now takes place outside Norway. It is instead produced in Finland. The company's headquarters are in Spikkestad.
The company is currently owned by the investment company Ferd AS. Wikipedia
Founded
Feb 11, 1957
Website
Employees
2,850
