Elopak ASA Q3 2026 Report
Elopak s third quarter (Q3): Regaining momentum despite ongoing headwinds
Elopak ASA ("Elopak", Oslo Børs Ticker: ELO) reports encouraging progress across several parts of its business and continued improvements in financial performance, despite a challenging operating environment.
Third quarter 2026 summary
- Group revenue increased by 6.5% year-on-year (+6.0% in constant currency), while EBITDA totaled EUR 51.9 million, with a margin of 16.8%
- EMEA delivered strong performance, with revenues rising 7.5%, supported by volume growth across Pure‑Pak® and Roll Fed in Europe
- Americas revenues increased 5.9%, despite growth being constrained by the board supply disruption following the Nippon Dynawave incident. Insurance recoveries recognized in the quarter partly compensated for the additional costs, with further recoveries expected
- ROCE increased to 15.4% while the leverage ratio remained stable at 2.2x
- Net profit attributable to Elopak shareholders was EUR 25.0 million, an increase of 38% compared with the corresponding quarter last year
- Håkon Volldal will assume the role of CEO effective November 2, 2026. Reinard Dreesmann has been appointed interim EVP Region Americas
Commenting on Elopak's performance, interim CEO Bent K. Axelsen said: "Our resilient results demonstrate that we can continue to drive progress and improvements through disciplined execution and a focused strategy. I am proud of how our teams have responded. We remain firmly committed to our 'Repackaging tomorrow' strategy and to delivering value for our shareholders".
Ahead of the quarterly earnings announcement, Elopak collects earnings estimates from the equity analysts currently covering Elopak. The consensus estimates and the methodology used are published on Elopak's Investor Relations website: www.elopak.com/investor-relations/share-information/analyst-coverage/.
The Q3 2026 results will be presented today at Arctic Securities, Haakon VIIs gate 5, Oslo, at 09:00 (CEST). The presentation will be held in English by interim CEO Bent Kilsund Axelsen and interim CFO Ola Buarøy. To access the live webcast of the results presentation, please use the following
link: https://qcnl.tv/p/M6MME-ikQhHkQ47JdZriRQ.
For the full report and presentation, please see the attachment or visit www.elopak.com/investor-relations.