Highlights from Q2 2024 include:
- Quarterly revenue reached €288.4 million, compared to €278.1 million in Q2 2023, reflecting a robust organic revenue growth of 3.8%.
- Adjusted EBITDA stood at €43.8 million, with a margin of 15.2%—up from 14.9% in Q2 2023.
- Capital structure leverage ratio is currently at 1.9x.
Thomas Körmendi, chief executive, stated: “I am happy to report yet another strong quarter with continued strong performance across all our markets. Our strong balance sheet and refinanced debt capital structure ensure that we remain in a solid position, enabling further investments in various growth initiatives going forward. We expect the strong financial performance to continue in the second half of the year in line with our reaffirmed run rates.”
With a workforce of 2,700 employees across Europe and beyond, Elopak manufactures and sells over 14 billion cartons annually in more than 70 countries. This scale positions us as a leader in the food and drink sustainability sector, particularly in sustainable packaging solutions.
As we align with evolving food and drink consumer trends, we remain committed to innovative food and drink packaging that meets the demands of modern consumers. The continuous growth and development in our markets reflect our dedication to sustainability in food and drink marketing, ensuring that we meet the needs of our partners and customers alike.
