Elopak ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 18, 2022 at 04:15 am EDT
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Elopak ASA reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 259.09 million compared to EUR 242.06 million a year ago. Revenue was EUR 259.1 million compared to EUR 242.06 million a year ago. Net income was EUR 13.87 million compared to EUR 12.41 million a year ago. Basic earnings per share from continuing operations was EUR 0.05 compared to EUR 0.05 a year ago.
For the six months, sales was EUR 502.44 million compared to EUR 464.85 million a year ago. Revenue was EUR 502.46 million compared to EUR 464.86 million a year ago. Net loss was EUR 3.49 million compared to net income of EUR 23.36 million a year ago. Basic loss per share from continuing operations was EUR 0.01 compared to basic earnings per share from continuing operations of EUR 0.09 a year ago.
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.