Elopak A S (ELPKF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everybody to this first quarter results presentation for ELOPAC. My name is Christian Hedde and I'm the head of Treasury and Investor Relations. Today's presentation will be held by our CEO, Thomas Kermendi, and our CFO, Bent Axelsen, and will last for around 30 minutes, followed by a Q&A session where we will take questions from the people here in the audience, as well as the people joining us online. So with that short introduction, over to you, Thomas. Thank you, Christian, and a warm welcome to all of you here on a beautiful, beautiful spring day in Oslo. It's really great to see so many of you here in person. So, Q1. Let's get started. As you know, some of you will know, just two words on who we are. We are actually in the business of sustainable packaging. All we do, the only thing we do, is fiber-based packaging. We do that with protecting essential commodities, not the least dairy products, but also other products such as juices, soups. And in all of this work, we are committed to reducing the use of plastics. So, Q1. Let's look at the performance here. Well, first of all, we report a revenue pretty much stable in terms of... stable when you look at the constant currency. We're reporting a 3.9% decline, but on constant currency, given the exchange rate primarily in the U.S., we're looking at a stable development. Secondly, as you know, and some of you who have followed us, we've had a a strong, very, very strong development in Americas. And actually, our development in the US, in the Americas, continues with 6% growth on a constant currency basis. And also, another strong quarter for Little Rock. Little Rock. As you recall, that we started up last year in April and that has now onboarded more and more customers in line one. So althoug...