The Management Board of Elopak has announced that CEO Thomas Körmendi, who has been in office since 2018, is stepping down from his position for personal reasons. This is due to a planned professional reorientation and his return to Denmark. Körmendi will remain CEO until a successor is appointed in order to continue the implementation of the „Repackaging tomorrow“ strategy.
According to its own statements, the Supervisory Board has initiated the process to find a new CEO. The strategic direction of the packaging company is not to change.
Elopak significantly increases sales and margin in 2025
Elopak increased its turnover and earnings in the fourth quarter and in 2025 as a whole. The beverage carton manufacturer surpassed the 1.2 billion euro annual turnover mark for the first time and improved its profitability and debt ratios at the same time.
In the fourth quarter of 2025, sales rose by 11.5 per cent, or 15.0 per cent organically, to 316.0 million euros. In the Americas, currency-adjusted sales increased by 28% compared to the previous year. EBITDA increased by EUR 5.3 million to EUR 46.2 million, which corresponds to a margin of 14.6 per cent (previous year: 14.4 per cent). At EUR 62.7 million, operating cash flow reached its highest quarterly figure to date. Net debt was reduced by 7.7 million euros. The Executive Board is proposing a dividend of EUR 0.102 per share for the second half of 2025. This results in a dividend of EUR 0.132 per share for the year as a whole.
In 2025 as a whole, Elopak generated revenue of over EUR 1.2 billion and grew organically by 5.9 per cent on a constant currency basis. EBITDA totalled EUR 184.7 million, up EUR 8.6 million on the previous year. The EBITDA margin improved to 15.3 per cent (previous year: 15.2 per cent).
Expansion of production capacities in the USA
According to the company, one operational milestone was the development of the plant in Little Rock. The site achieved its first profitable quarter just four months after the start of commercial production. The installation of a second production line went according to plan. In September 2025, it was also decided to invest an additional USD 30 million in a third production line.
Looking ahead to 2026, the packaging manufacturer sees itself on a stable footing and expects to be able to build on its positive development.
Source: Elopak
