Elopak sees 2.4% revenue growth in Q2 2025 

USA – Elopak, a global leader in sustainable carton packaging, reported revenues of US$338.1 million for Q2 2025, reflecting a 2.4% year-on-year growth when adjusted for currency effects. 

The increase was primarily driven by strong performance in the Americas, where sales surged 14% compared to the previous year, supported by the ongoing ramp-up of a new U.S. production facility.

Despite the growth, revenues dipped by US$24.2 million from Q1 2025, due to production timing, customer stockpiling in the Americas amid tariff uncertainties, and a weaker U.S. dollar.

According to the company, earnings before interest, taxes, depreciation, and amortization (EBITDA) reached US$52.2 million, up US$1.05 million from Q2 2024, achieving a 15.4% EBITDA margin, slightly improved from 15.2% last year. 

This margin gain stemmed from increased sales of higher-margin products.

In a statement, Elopak CEO Thomas Körmendi expressed optimism: “We are pleased with the progress made in Q2 despite a challenging market environment.” 

He highlighted the company’s resilience and projected that full-year results would align with mid-term targets. 

The new U.S. plant, now in commercial production, is nearing break-even and is expected to be fully operational by year-end. Excluding ramp-up costs, the EBITDA margin would have been 15.8%.

Elopak’s operating profit for the quarter stood at US$31.2 million, a US$1.05 million improvement over Q2 2024. 

The company maintained strong cash flow, supporting ongoing capital investments and dividend payments. 

The board declared a US$0.035 per share dividend for the first half of 2025, consistent with its dividend policy, following a US$0.093 per share payout for 2024 in May.

In other developments, a report by the company noted the launch of the Pure-Fill platform, enhancing flexibility for sustainable packaging formats. 

This is part of Elopak’s “Repackaging Tomorrow” strategy, aiming to double revenues to US$2.21 billion by 2030 while reducing scope 3 emissions by 25%. 

The company’s focus on replacing plastic with fiber-based cartons, particularly in home and personal care segments, positions it to capitalize on growing demand for eco-friendly solutions.

With the U.S. plant set to boost capacity, the company is poised for continued growth in the sustainable packaging sector.

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