The company reported that price increases for its products in EMEA were EU €19mn (approx. US$20mn) which, alongside sustained growth in the Americas, prompted a strong period for the company
Elopak CEO, Thomas Körmendi, commented, “Elopak ended the year on a strong note, delivering profitable organic growth. The most notable achievements were yet another strong performance in Americas, continued solid development in our acquired businesses in MENA and India, and the commercial launch of the new Pure-Pak eSense aluminium-free aseptic carton. I am pleased to see that we continue to show great resilience despite a continued volatile environment, and we are well prepared to face challenges ahead.
“The uncertainties experienced in 2022 continue into 2023 and make it more challenging to predict short-term results, but we remain optimistic on longer-term market fundamentals. Our strategic initiatives remain focused on growing our top-line and strengthening our results. We remain committed to our mid-term targets.”
“In the long-term, we expect the use of plastic food & beverage packaging to drop, and Elopak is well-positioned to leverage this plastic-to-carton conversion trend. As shown by the Pure-Pak eSense commercial launch, we remain committed to delivering on our sustainability-driven growth strategy.”