Elopak ASA

OB:ELO Stock Report

Market Cap: NOK 10.5b

Elopak Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Thomas Kormendi

Chief executive officer

€1.1m

Total compensation

CEO salary percentage44.0%
CEO tenure7yrs
CEO ownership0.1%
Management average tenure5.6yrs
Board average tenure1.8yrs

Recent management updates

Recent updates

These 4 Measures Indicate That Elopak (OB:ELO) Is Using Debt Extensively

Apr 06
These 4 Measures Indicate That Elopak (OB:ELO) Is Using Debt Extensively

Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models

Feb 14
Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models
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Shift To Sustainable Packaging Will Align With Global Trends And Strengthen Market Position

Feb 12 Strategic focus on sustainable packaging aligns with global trends, enhancing market share and potentially improving margins through eco-friendly pricing power.

Are Investors Undervaluing Elopak ASA (OB:ELO) By 40%?

Feb 10
Are Investors Undervaluing Elopak ASA (OB:ELO) By 40%?

Elopak ASA's (OB:ELO) Business Is Yet to Catch Up With Its Share Price

Jan 23
Elopak ASA's (OB:ELO) Business Is Yet to Catch Up With Its Share Price

Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models

Nov 02
Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models

Elopak's (OB:ELO) Returns On Capital Are Heading Higher

Oct 22
Elopak's (OB:ELO) Returns On Capital Are Heading Higher

Risks To Shareholder Returns Are Elevated At These Prices For Elopak ASA (OB:ELO)

Sep 14
Risks To Shareholder Returns Are Elevated At These Prices For Elopak ASA (OB:ELO)

Here's What Analysts Are Forecasting For Elopak ASA (OB:ELO) After Its Second-Quarter Results

Aug 18
Here's What Analysts Are Forecasting For Elopak ASA (OB:ELO) After Its Second-Quarter Results

Returns On Capital Are Showing Encouraging Signs At Elopak (OB:ELO)

Jul 18
Returns On Capital Are Showing Encouraging Signs At Elopak (OB:ELO)

Is Elopak (OB:ELO) Using Too Much Debt?

May 13
Is Elopak (OB:ELO) Using Too Much Debt?

Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

Apr 22
Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

Shareholders Can Be Confident That Elopak's (OB:ELO) Earnings Are High Quality

Apr 18
Shareholders Can Be Confident That Elopak's (OB:ELO) Earnings Are High Quality

Elopak (OB:ELO) Has Announced That It Will Be Increasing Its Dividend To €1.46

Feb 26
Elopak (OB:ELO) Has Announced That It Will Be Increasing Its Dividend To €1.46

Elopak (OB:ELO) Is Looking To Continue Growing Its Returns On Capital

Feb 21
Elopak (OB:ELO) Is Looking To Continue Growing Its Returns On Capital

Is Elopak (OB:ELO) Using Too Much Debt?

Jan 25
Is Elopak (OB:ELO) Using Too Much Debt?

Elopak (OB:ELO) Might Have The Makings Of A Multi-Bagger

Nov 03
Elopak (OB:ELO) Might Have The Makings Of A Multi-Bagger

CEO Compensation Analysis

How has Thomas Kormendi's remuneration changed compared to Elopak's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024€1m€484k

€60m

Sep 30 2024n/an/a

€66m

Jun 30 2024n/an/a

€71m

Mar 31 2024n/an/a

€74m

Dec 31 2023€1m€441k

€68m

Sep 30 2023n/an/a

€66m

Jun 30 2023n/an/a

€60m

Mar 31 2023n/an/a

€52m

Dec 31 2022€787k€495k

€34m

Sep 30 2022n/an/a

€23m

Jun 30 2022n/an/a

€19m

Mar 31 2022n/an/a

€17m

Dec 31 2021n/an/a

€30m

Sep 30 2021n/an/a

€36m

Jun 30 2021n/an/a

€40m

Mar 31 2021n/an/a

€43m

Dec 31 2020€594k€434k

€48m

Compensation vs Market: Thomas's total compensation ($USD1.25M) is above average for companies of similar size in the Norwegian market ($USD836.85K).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.

CEO

Thomas Kormendi (61 yo)

7yrs

Tenure

€1,100,484

Compensation

Mr. Thomas Ralph Kormendi was an Independent Director at Nordic Paper Holding AB (publ) since May 24, 2023 until 2025. He serves as Chief Executive Officer of Elopak ASA since April 03, 2018 and has been i...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Kormendi
President & CEO7yrs€1.10m0.15%
NOK 15.5m
Bent Axelsen
Chief Financial Officer6.3yrs€557.07k0.076%
NOK 8.0m
Thea Bristol
Chief Marketing & Communications Officer1.3yrs€320.56kno data
Nete Bechmann
Chief Human Resources Officer5.3yrs€525.59k0.0087%
NOK 920.6k
Stephen Naumann
Executive Vice President of Region Europe North & CIS18.3yrs€899.80k0.051%
NOK 5.3m
Finn Tørjesen
Executive Vice President of Region Europe South & New Markets5.9yrs€507.69k0.022%
NOK 2.3m
Lionel Ettedgui
Executive Vice President of North America5.6yrs€922.91k0.036%
NOK 3.7m
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Directorno data€12.90k0.00040%
NOK 42.2k
Dag Gronevik
Executive Vice President of Equipment & Service3.1yrs€419.89k0.0064%
NOK 672.8k
Ivan Ferrini
Executive Vice President for Packaging & Procurement1.3yrs€376.61kno data
Uwe Schulze
CTO and Executive VP of Product & Development1.3yrs€263.86kno data
Wolfgang Buchkremer
Chief Technical Officer7.3yrs€500.33k0.029%
NOK 3.1m

5.6yrs

Average Tenure

Experienced Management: ELO's management team is seasoned and experienced (5.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Director3.9yrs€12.90k0.00040%
NOK 42.2k
Dag Mejdell
Independent Chairperson1.9yrs€73.80k0.021%
NOK 2.2m
Anna Belfrage
Independent Director4yrs€48.00kno data
Manuel Pascual
Directorless than a yearno datano data
Marianne Ribe
Directorless than a year€25.08kno data
Sid Johari
Independent Director8.3yrs€40.00k0.0066%
NOK 701.3k
Havard Urhamar
Employee Representative Director1.7yrs€12.90kno data
Anniken Fougner
Board Observerless than a yearno datano data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Board: ELO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/17 06:19
End of Day Share Price 2025/04/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elopak ASA is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Charlie Muir-SandsBNP Paribas Exane
Niclas GehinDNB Markets