Elopak is a supplier of packaging system solutions for liquid products. It provides chilled and ambient cartons, filling equipment chilled and ambient, roll-fed packaging materials, and more.

Employee Rating

3.5More
TypeSubsidiary
HQOslo, NO
Founded1957
Websiteelopak.com
Cybersecurity ratingBMore
Elopak was founded in 1957 and is headquartered in Oslo, NO
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Key People/Management at Elopak

Thomas Körmendi

Thomas Körmendi

Chief Executive Officer and President
Bent K. Axelsen

Bent K. Axelsen

Chief Financial Officer
Ivar Jevne

Ivar Jevne

EVP Material and Product Supply
Wolfgang Buchkremer

Wolfgang Buchkremer

Chief Technology Officer
Nete Bechmann

Nete Bechmann

Chief Human Resources Officer
Patrick Verhelst

Patrick Verhelst

Chief Marketing Officer
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Elopak Office Locations

Elopak has an office in Oslo
Oslo, NO (HQ)
Tollbugata 3
Show all (1)

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
NOKFY, 2018FY, 2019FY, 2020

Revenue

909.2m906.4m908.8m

Cost of goods sold

(608.0m)(587.6m)(576.6m)

Gross profit

301.2m318.9m337.4m
Quarterly
SEKQ1, 2021Q2, 2021Q3, 2021

Revenue

222.8m242.1m(228.0m)

Cost of goods sold

(138.6m)(154.4m)138.6m

Gross profit

84.2m87.7m(89.4m)
Annual
NOKFY, 2018FY, 2019FY, 2020

Cash

14.4m15.5m6.4m

Accounts Receivable

117.8m113.8m113.1m

Prepaid Expenses

29.2m32.0m34.2m

Inventories

132.1m127.4m135.5m
Quarterly
SEKQ1, 2021Q2, 2021Q3, 2021

Cash

10.5m10.3m16.2m

Accounts Receivable

123.4m90.3m91.8m

Inventories

137.5m134.3m134.5m
Annual
NOKFY, 2018FY, 2019FY, 2020

Net Income

32.4m16.9m60.2m

Depreciation and Amortization

36.0m37.1m37.2m

Inventories

5.8m8.1m(7.7m)

Accounts Payable

14.6m2.0m(184.0k)
Quarterly
SEKQ1, 2021Q2, 2021Q3, 2021

Net Income

15.7m31.5m45.9m
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Elopak Revenue Breakdown

Embed Graph

Elopak revenue breakdown by business segment: 81.6% from EUROPE, 21.3% from AMERICAS and -2.9% from Other

Elopak Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Elopak Online and Social Media Presence

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Elopak News and Updates

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

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…

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…

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 …

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…

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…

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…
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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.