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Dec 31, 2024
Ranpak Q4 2024 Earnings Report
Ranpak reported strong revenue growth and improved profitability in Q4 2024.
Key Takeaways
Ranpak achieved 16% revenue growth YoY, reaching $105.0 million in Q4 2024. The company reduced its net loss to $8.0 million from $9.3 million a year ago. Adjusted EBITDA increased by 8% to $25.3 million, driven by strong e-commerce activity and increased adoption of paper-based protective packaging solutions.
Q4 2024 revenue increased 16% YoY to $105.0 million.
Net loss reduced to $8.0 million from $9.3 million in Q4 2023.
Adjusted EBITDA grew 8% YoY to $25.3 million.
Packaging system placements increased by 1% to 142.7 thousand machines.
Ranpak
Ranpak
Ranpak Revenue by Segment
Revenue by Segment
Cushioning Revenue
CapyFin.comVoid-Fill Revenue
CapyFin.comWrapping Revenue
CapyFin.comOther Net Revenue
CapyFin.com Forward Guidance
Ranpak expects continued revenue and AEBITDA growth in 2025, driven by increased adoption of sustainable packaging solutions and growth in e-commerce activity.
Positive Outlook
- Revenue projected to grow between 5% and 11% in 2025.
- AEBITDA expected to increase by 5% to 16% YoY.
- Increased contributions from strategic accounts in North America.
- Automation segment projected to grow approximately 50%.
- Focus on cash generation to reduce leverage and improve financial flexibility.
Challenges Ahead
- Challenging macroeconomic conditions in Europe and Asia.
- Potential impact of exchange rate fluctuations on revenue growth.
- Higher interest expenses may affect net income performance.
- Competitive pressures in the sustainable packaging industry.
- Non-cash revenue and AEBITDA reductions expected from Amazon warrant expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income