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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
ELO
ELO (ELO) investor relations material
ELO has been private
ELO H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2024 earnings summary25 Jul, 2024
Executive summary
H1 2024 revenue was €15.7 billion, down 1.2% year-over-year, with gross margin declining to €3,726 million and margin rate at 23.7% versus 24.3% last year.
Net loss widened to €981 million from €215 million in H1 2023, mainly due to significant non-recurring items including €283 million goodwill impairment in France and asset write-downs.
Major acquisitions included Dia stores in Spain and Portugal and Casino stores in France, contributing to increased goodwill and tangible assets.
ELO issued a €750 million bond and completed a €300 million capital increase to support development and liquidity.
Shareholder support continues to enable transformation initiatives across business lines.
Financial highlights
Group revenue: €15,692 million, down 1.2% year-over-year at current rates; gross profit margin (excl. gas) fell to 26.6%.
EBITDA fell 38% to €339 million from €545 million year-over-year; EBITDA margin dropped to 2.2%.
Net financial debt rose to €4,477 million from €2,917 million at year-end 2023, reflecting seasonality and acquisitions.
Free cash flow: -€1,122 million, with net free cash flow at -€1,308 million, reflecting operational challenges and investment outflows.
Equity decreased to €5,255 million from €5,804 million at December 2023.
Outlook and guidance
Confidence in future performance based on ongoing transformation plans, including price repositioning, operational efficiency, and expansion in strategic markets.
Positive effects expected from recent acquisitions and the purchasing alliance with Intermarché and Casino.
Despite ongoing geopolitical risks, management does not see current uncertainties as threatening ELO's financial situation.
Liquidity remains strong with €2.4 billion in undrawn credit lines and recent bond issuance.
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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