Strong Year-End Performance
Ranpak delivered its best quarter of the year and the second-best quarterly revenue in its history, driven by a strong e-commerce-led holiday season in North America with double-digit volume growth.
Automation Revenue Growth
Automation revenue grew by more than 40% in 2024 and is expected to grow another 50% in 2025, indicating strong momentum in the automation segment.
North America Sales Surge
Sales in North America increased by 36% in Q4 with volumes up nearly 40%, making it the highest net revenue quarter ever for the region.
Adjusted EBITDA Growth
On a constant currency basis, adjusted EBITDA increased 8% for the quarter and 14% for the year, achieving the higher end of the guidance range.
Successful Refinancing and Deleveraging
Ranpak refinanced its term loan, reducing leverage from 5.7x to 4x, with plans to further deleverage to 2.5-3x over the next 18-24 months.
Strategic Partnerships and Innovations
Ranpak announced a transformational transaction agreement with its largest customer and an exclusive partnership with Rabot to integrate AI in packaging solutions.