Elopak A S (ELPKF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today's presentation will be held by our CEO, Bent Axelsen, and our CFO, Ola Bøhre. The presentation will last for around 30 minutes, followed by a Q&A session where the people here in the audience and the people joining online can ask questions. So, with that short introduction, welcome, Bent. Thank you Kristian and good morning everybody in the room and online. Nice to be back after the summer. I'm going to just jump straight into the quarter. This quarter really is marked by the geopolitical uncertainty, the higher raw material costs and changes in the consumer behavior. But I think against this backdrop, we have stayed focused, implementing our strategy, but also keeping a tight control of our cost base. So this quarter, It's an improvement compared to the softer start of the year. We grew our revenues to 304 million euro. This is a growth of 4.9% or 5.7% on a constant currency basis. We delivered 8.7% growth on a constant currency basis in America, despite the tragic and serious incidents with one of our suppliers, which I will come back to later in the presentation. The revenue growth in EMEA looks to be low 3.3 but actually fundamentally is higher because carton and closure grew by 8% so EMEA is really delivering on the top line this quarter and altogether that gives us an adjusted EVTA of 45 million euro with a margin of 14.8%. In Q1 we started to point out the increasing raw material prices following the Middle East conflict and customary surcharges have been implemented to mitigate this and these surcharges were implemented during the second quarter. Based on this performance and our sound balance sheet, the board has declared a dividend of 0.065 euro per share for the first half of 2026, which is close to 53% of our normalized net profits and also in line ...