Announcement • Oct 28
Elopak ASA, Annual General Meeting, May 13, 2026 Elopak ASA, Annual General Meeting, May 13, 2026. Announcement • Feb 13
Elopak Asa Proposes Dividend for the Financial Year 2024, Payable on 26 May 2025 and 27 October 2025 Respectively The Board of Elopak ASA will propose a dividend of EUR 0.13 per share for the financial year 2024 to the annual general meeting in 14 May 2025. The dividend will be paid in NOK in two installments of EUR 0.08 per share and EUR 0.05 per share, to be paid in 26 May 2025 and 27 October 2025, respectively. The total ordinary dividends proposed for the financial year 2024 is EUR 35 million. Dividend amount: EUR 0.08 per share: Ex-date: 15 May 2025 and Record date: 16 May 2025. Dividend amount: EUR 0.05 per share: Ex-date: 16 October 2025. Record date: 17 October 2025. Announcement • Nov 14
Elopak ASA, Annual General Meeting, May 14, 2025 Elopak ASA, Annual General Meeting, May 14, 2025. Announcement • Nov 13
Elopak ASA to Report Fiscal Year 2024 Results on Apr 02, 2025 Elopak ASA announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Apr 02, 2025 Declared Dividend • Feb 22
Dividend of kr1.46 announced Shareholders will receive a dividend of kr1.46. Ex-date: 14th May 2024 Payment date: 28th May 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 6.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €0.26 (vs €0.13 in FY 2022) Full year 2023 results: EPS: €0.26 (up from €0.13 in FY 2022). Revenue: €1.13b (up 11% from FY 2022). Net income: €68.4m (up 98% from FY 2022). Profit margin: 6.0% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Announcement • Feb 15
Elopak ASA Proposes Cash Dividend, Payable on or About May 28, 2024 The Board of Elopak ASA has resolved to propose to the annual general meeting a dividend payment of NOK 1.46 per share. Ex-date is May 14, 2024. Record date is May 15, 2024. Payment date is On or about May 28, 2024. The payment of dividends is subject to the approval by the annual general meeting to be held on May 13, 2024. Board Change • Feb 10
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Dec 05
Elopak ASA to Report Fiscal Year 2023 Final Results on Apr 10, 2024 Elopak ASA announced that they will report fiscal year 2023 final results at 12:00 PM, Central European Standard Time on Apr 10, 2024 Announcement • Sep 19
Elopak ASA (OB:ELO) commences an Equity Buyback Plan under the authorization approved on May 11, 2023. PhotoCure ASA (OB:PHO) commences share repurchases on September 12, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 11, 2023. As per the mandate, the company is authorized to repurchase up to an aggregate nominal value of up to approx. 10% of the current share capital. The shares will be repurchased at a minimum price of NOK 1 per share and a maximum price of NOK 250 per share. The shares acquired under this authorization may be used in connection with share based payment and the Company's long term incentive program, and for general corporate purposes. The authorization is valid until the annual general meeting in 2024, however no later than 30 June 2024. As of April 20, 2023, the company had 269,219,014 shares.
On September 11, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 300,000 shares for NOK 9 million. The program will be valid till October 4, 2023. Announcement • Jul 06
Elopak ASA Announces Board Appointments, Effective August 1, 2023 Elopak ASA announced election of Håvard Grande Urhamar as director and Erland Fretheim and Magne Hamarstrøm as deputy directors. The employee representatives were elected with effect from August 1, 2023 for a period of two years. Announcement • May 12
Elopak ASA Approves Dividend, Payable on or About May 24, 2023 The general meeting approved the board of directors of Elopak ASA proposal to distribute dividends of NOK 0.86 per share. The share will trade ex-dividends from and including May 12, 2023. Payment of the dividends is expected on or about May 24, 2023. Board Change • Mar 03
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: €0.13 (vs €0.13 in FY 2021) Full year 2022 results: EPS: €0.13. Revenue: €1.02b (up 8.9% from FY 2021). Net income: €34.5m (up 2.0% from FY 2021). Profit margin: 3.4% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe. Board Change • Feb 17
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 18
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 03
Elopak ASA Announces Step Down of Jo Lunder as Chairperson of the Board of Directors Elopak ASA announced after having served as chairperson of the board of directors in the company since 2018, Mr. Jo Lunder announces that he will step down from the position. Mr. Lunder will continue as chairperson until the next ordinary general meeting of the company on May 11, 2023, where a successor will be appointed. The company’s nomination committee has initiated the search process for a new chairperson. Announcement • Jul 19
The local management agreed to acquire 100% stake in Elopak, Ao from Elopak ASA (OB:ELO). The local management agreed to acquire 100% stake in Elopak, Ao from Elopak ASA (OB:ELO) on July 18, 2022. The closing of the transaction is subject to the Governmental Commission on the Control over Foreign Investments in Russia. Board Change • Jun 28
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 11
Elopak ASA (OB:ELO) commences an Equity Buyback Plan under the authorization approved on May 12, 2022. PhotoCure ASA (OB:PHO) commences share repurchases on June 8, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The shares will be repurchased at a minimum price of NOK 0.50 per share and a maximum price of NOK 250 per share. The shares acquired under this authorization may be used for reduction of the registered share capital or paid as remuneration to the members of the board, for incentive schemes or as consideration shares with regards to acquisition of businesses. The authorization is valid until the ordinary general meeting in 2023, however no later than 30 June 2023. Board Change • Jun 04
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
Elopak ASA Proposes Dividend, Payable on or about 19 May 2022 The Board of Elopak ASA has resolved at its annual general meeting to be held on 12 May 2022 proposed to the annual general meeting a dividend payment of NOK 0.75 per share. Ex-date is 13 May 2022. Record date is 16 May 2022. Payment date: On or about 19 May 2022. Announcement • Mar 06
Elopak ASA Temporarily Suspends All Business Activities in Russia with Immediate Effect Elopak ASA announced that it is deeply concerned by the war in Ukraine and it fully stands behind the international communities’ reactions. Due to the evolving conflict, Elopak’s BoD has therefore decided to temporarily suspend all business activities in Russia with immediate effect. This includes import, export, production and sales in Russia. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.13 (down from €0.19 in FY 2020). Revenue: €940.2m (up 3.5% from FY 2020). Net income: €33.8m (down 29% from FY 2020). Profit margin: 3.6% (down from 5.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.9%, compared to a 12% growth forecast for the industry in the United Kingdom. Announcement • Feb 24
Elopak ASA Proposes Dividend for the Year 2021 Elopak ASA announced that board recommends the AGM to approve a dividend of NOK 0.75 for the year 2021. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr21.27, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Packaging industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at kr35.52 per share. Board Change • Feb 18
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 30
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 28
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Trond Solberg is the most experienced director on the board, commencing their role in 2008. Independent Director Anna Belfrage was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
