Elopak reported Q1 2023 with record high revenues and adjusted EBITDA. Highlights from Q1 2023:
Revenues increased by 26%, to EUR 283.4 million, driven by growth in EMEA and Americas.
Organic growth was 16% when adjusted for currency translation effects of EUR 3 million and new revenue from acquired businesses of EUR 18 million.
Elopak benefitted from strong, profitable growth at its acquired business in India, GLS Elopak.
Adjusted EBITDA was EUR 41.0 million, an improvement of EUR 16.0 million compared to the same period last year.
Strong cash flow generation, leverage ratio reduced to 2.7x.
