Elopak ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 04:42 am
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Elopak ASA reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 272.38 million compared to EUR 216.31 million a year ago. Revenue was EUR 272.43 million compared to EUR 216.31 million a year ago. Net income was EUR 3.41 million compared to EUR 10.89 million a year ago. Basic earnings per share from continuing operations was EUR 0.05 compared to EUR 0.04 a year ago. Basic earnings per share was EUR 0.01 compared to EUR 0.04 a year ago.
For the nine months, sales was EUR 756.64 million compared to EUR 640.03 million a year ago. Revenue was EUR 756.7 million compared to EUR 640.03 million a year ago. Net loss was EUR 0.084 million compared to net income of EUR 34.25 million a year ago. Basic earnings per share from continuing operations was EUR 0.09.
Elopak ASA is a Norway-based supplier of carton packaging and filling equipment. The Company provides packaging solutions that offer a natural and convenient alternative to plastic bottles and are designed to meet the needs of a low carbon circular economy. Elopak delivers complete and optimized packaging systems designed to minimize the food waste. The Company business is represented in two business segments: Dairy and Juice. Elopak AS is parent company to many subsidiaries, including but not limited to: Elopak B.V., Elopak GmbH, Elopak SpA, Elopak Denmark A/S, Elopak Oy, Elopak Egypt LLC, Elopak UK Ltd and Elopak Systems AG among other. The Company operates worldwide in more than 42 countries.
ELOPAK ASA 
