OB:ELOPackaging
Elopak (OB:ELO) Margin Decline Reinforces Investor Concerns Despite Strong Growth Forecasts
Elopak (OB:ELO) reported revenue growth that is forecast to reach 6.2% per year, outpacing the broader Norwegian market’s 2% growth rate. Despite facing a decline in profit margin from 5.7% to 4.4% over the past year and negative earnings growth for the latest period, the company’s long-term track record shows average annual earnings growth of 14.5% over the last five years. Earnings are expected to grow 17.4% annually moving forward. Investors face a mixed picture as management points to...