Ranpak (US:PACK)2021-07-30 16:39Financial Performance - Net revenue increased by 29.1% on a constant currency basis, reaching $87.5 million in Q2 2021 compared to $67.8 million in Q2 2020[7] - Adjusted EBITDA increased by 34.7% year-over-year to $25.6 million (29.3% margin) from $19.0 million in Q2 2020[7] - Paper revenue for the three months ended June 30, 2021, was $73.5 million, compared to $52.9 million for the three months ended June 30, 2020[17] - Machine lease revenue for the three months ended June 30, 2021, was $12.4 million, compared to $9.4 million for the three months ended June 30, 2020[17] Regional Performance - North America revenue increased by 26.6% year-over-year[7] - Europe/APAC revenue increased by 30.8% on a constant currency basis[7] Capitalization and Liquidity - Completed a $110 million equity offering to reduce debt, increase liquidity, and improve float[8, 15] - Repaid $20.9 million of debt[8] - Finished Q2 2021 with a strong cash position of $125.3 million and full availability on the revolver[8, 15] System Placement - Machine placement increased by 12.9% year-over-year to more than 123,600[7]