Elopak’s first quarter (Q1): Navigating softer market developments with discipline and strategic focus

Elopak ASA reports stable revenues of EUR 298.2 million for the first quarter on a constant currency basis and EBITDA of EUR 41.0 million, after adjusting for restructuring costs.

First quarter 2026 summary:

• Group revenue for Q1 2026 remained stable on a constant currency basis, but declined by 3.9 % in EUR terms, as currency headwinds and lower equipment sales outweighed volume growth in Americas
• Americas achieved 6.0 % constant currency revenue growth and an EBITDA margin of 22.3 %, driven by the plant in Little Rock
• Adjusted EBITDA amounted to 41.0 million in the quarter, corresponding to an adjusted EBITDA margin of 13.8 %, compared to 14.4 % in the same quarter last year, mainly reflecting currency impacts and one‑off items
• Net profit attributable to Elopak shareholders was EUR 16.9 million, in line with prior year, and the financial position remained solid with a leverage ratio of 2.2x and ROCE at 15.1 %

Commenting on Elopak’s performance, CEO Thomas Körmendi said: “The ongoing geopolitical situation poses challenges for all global businesses; however, we remain confident in our ‘Repacking tomorrow’ strategy and in delivering on our mid-term targets”.

For the full report and presentation, please see the attachment or visit www.elopak.com/investor-relations.