| Type | Subsidiary |
| HQ | Oslo, NO |
| Founded | 1957 |
| Website | elopak.com |
| Cybersecurity rating | BMore |
Elopak was founded in 1957 and is headquartered in Oslo, NO
Key People/Management at Elopak
Thomas Körmendi
Chief Executive Officer and President
Bent K. Axelsen
Chief Financial Officer
Ivar Jevne
EVP Material and Product Supply
Wolfgang Buchkremer
Chief Technology Officer
Nete Bechmann
Chief Human Resources Officer
Patrick Verhelst
Chief Marketing Officer
Elopak Financials and Metrics
Summary Metrics
Founding Date | 1957 |
Elopak Revenue
Elopak's revenue was reported to be kr908.77 m in FY, 2020
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 909.2m | 906.4m | 908.8m |
Cost of goods sold | (608.0m) | (587.6m) | (576.6m) |
Gross profit | 301.2m | 318.9m | 337.4m |
Quarterly
| SEK | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|
Revenue | 222.8m | 242.1m | (228.0m) |
Cost of goods sold | (138.6m) | (154.4m) | 138.6m |
Gross profit | 84.2m | 87.7m | (89.4m) |
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 14.4m | 15.5m | 6.4m |
Accounts Receivable | 117.8m | 113.8m | 113.1m |
Prepaid Expenses | 29.2m | 32.0m | 34.2m |
Inventories | 132.1m | 127.4m | 135.5m |
Quarterly
| SEK | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|
Cash | 10.5m | 10.3m | 16.2m |
Accounts Receivable | 123.4m | 90.3m | 91.8m |
Inventories | 137.5m | 134.3m | 134.5m |
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | 32.4m | 16.9m | 60.2m |
Depreciation and Amortization | 36.0m | 37.1m | 37.2m |
Inventories | 5.8m | 8.1m | (7.7m) |
Accounts Payable | 14.6m | 2.0m | (184.0k) |
Quarterly
| SEK | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|
Net Income | 15.7m | 31.5m | 45.9m |
Elopak Revenue Breakdown
Elopak revenue breakdown by business segment: 81.6% from EUROPE, 21.3% from AMERICAS and -2.9% from Other
Elopak Cybersecurity Score
Elopak Online and Social Media Presence
2.6k Twitter followers
Elopak has 2.6k Twitter Followers. The number of followers has increased 0.3% month over month and increased 1% quarter over quarter
Elopak's Trends
Twitter Engagement Stats for @pure_pak
1.1k
Tweets
1.7k
Following
2.6k
Followers
5
Tweets last 30 days
3.4
Avg. likes per Tweet
100%
Tweets with engagement
Elopak News and Updates
May 10, 2022
Elopak Welcomes New Teams in Morocco and Saudi Arabia
CASABLANCA, Morocco, May 10, 2022 /PRNewswire/ -- Elopak has today welcomed new sites and team members in Casablanca, Morocco and Dammam, Saudi Arabia at the official celebration of its recent acquisition of Naturepak Beverage - the leading gable top fresh liquid carton and packaging...
Elopak Blogs
May 19, 2022
Easy opening vs closures – putting the hygiene science to the test
In response to competitive industry data, Elopak has completed a detailed study for the Hygienic performance Easy Opening vs closures. With the launch of our Pure-Pak® Imagine and the new Easy Open feature, a competitor claim that cartons without caps (easy opening feature) are not as hygienic as ca…
May 12, 2022
Elopak rolls out Pure-Pak® eSense: the more environmentally friendly aseptic carton
Elopak is pleased to announce the market roll out of the Pure-Pak® eSense carton: a more environmentally friendly aseptic carton made without an aluminium layer. Designed using technology from our fresh portfolio, as well as our traditional sustainably sourced paperboard, the Pure-Pak® eSense carton…
May 05, 2022
Elopak’s first quarter 2022: Strong revenue growth, while navigating the effects of the crisis in Ukraine and increased raw material costs
(Oslo, 5 May 2022) Elopak continued its strong operational performance in the first quarter of 2022, reporting 9% revenue growth. The performance was negatively impacted by the ongoing conflict in Ukraine, as well as unprecedented high prices of raw materials. Highlights from Q1 2022: Revenues were …
May 05, 2022
Update on the situation in Ukraine – 5 May 2022
In Ukraine we have a small office in Kyiv and a factory in Fastiv producing Roll Fed cartons and employing 151 employees. The plant in Fastiv was temporarily closed on 24th February 2022. In April we resumed some small-scale production in Fastiv to supply customers in Ukraine in support of efforts t…
April 28, 2022
Elopak and GLS Announce Joint Venture ‘GLS Elopak’ in India
(28. April 2022) Elopak and GLS have today announced a joint venture in which the two companies will each have 50% ownership. The newly formed company, GLS Elopak (headquartered at Gurugram in Haryana, India) will leverage the respective expertise, assets and networks of Elopak and GLS to capitalize…
April 20, 2022
Pure-TwistFlip™ to Hit the Shelves
Elopak is pleased to announce the upcoming roll out of its tethered cap solution – the Pure-TwistFlip™. Announced in 2021, the tethered cap is one of the latest innovations launched by Elopak. The Pure-TwistFlip™ has been designed so that the closure remains attached to the carton throughout its ent…
Elopak Frequently Asked Questions
When was Elopak founded?
Elopak was founded in 1957.
Who are Elopak key executives?
Elopak's key executives are Thomas Körmendi, Bent K. Axelsen and Ivar Jevne.
How many employees does Elopak have?
Elopak has 1,018 employees.
What is Elopak revenue?
Latest Elopak annual revenue is kr908.8 m.
What is Elopak revenue per employee?
Latest Elopak revenue per employee is kr892.7 k.
Who are Elopak competitors?
Competitors of Elopak include Scholle IPN, Signode and Pactiv Evergreen.
Where is Elopak headquarters?
Elopak headquarters is located at Tollbugata 3, Oslo.
Where are Elopak offices?
Elopak has an office in Oslo.
How many offices does Elopak have?
Elopak has 1 office.
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