Elopak ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 01:47 pm IST
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Elopak ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 283.46 million compared to EUR 272.38 million a year ago. Revenue was EUR 283.49 million compared to EUR 272.43 million a year ago. Net income was EUR 19.48 million compared to EUR 3.4 million a year ago. Basic earnings per share from continuing operations was EUR 0.07 compared to EUR 0.05 a year ago. Basic earnings per share was EUR 0.07 compared to EUR 0.01 a year ago.
For the nine months, sales was EUR 844.88 million compared to EUR 756.64 million a year ago. Revenue was EUR 844.91 million compared to EUR 756.7 million a year ago. Net income was EUR 53.48 million compared to net loss of EUR 0.084 million a year ago. Basic earnings per share from continuing operations was EUR 0.2 compared to EUR 0.09 a year ago. Basic earnings per share was EUR 0.2.
Elopak ASA is a Norway-based supplier of carton packaging and filling equipment. The Company provides packaging solutions that offer a natural and convenient alternative to plastic bottles and are designed to meet the needs of a low carbon circular economy. Elopak delivers complete and optimized packaging systems designed to minimize the food waste. The Company business is represented in two business segments: Dairy and Juice. Elopak AS is parent company to many subsidiaries, including but not limited to: Elopak B.V., Elopak GmbH, Elopak SpA, Elopak Denmark A/S, Elopak Oy, Elopak Egypt LLC, Elopak UK Ltd and Elopak Systems AG among other. The Company operates worldwide in more than 42 countries.