Our annual report for 2024 is here!
2024 has been a year of record-breaking revenues and significant progress in the areas of planet, profit, and people. This demonstrates our commitment to our revised strategy, ‘Repackaging tomorrow,’ and our ambition of becoming a EUR 2 billion company by 2030.
“2024 has been the year in which we have launched a revised strategy, manifested our foothold in new segments and started the construction of our new production plant in the United States”
People
2024 was all about investing heavily in our infrastructure and our people. We not only welcomed the highest number of new colleagues but also strengthened several competence areas, including R&D and sustainability. Additionally, we onboarded new colleagues who will manage the new production plant in the United States to enable future growth in the region.
Planet
As a sustainability frontrunner, we are leading the way in replacing plastic packaging by providing innovative packaging solutions. We have reduced our direct CO2e emissions by 37% from a 2020 baseline, as we work towards achieving a 42% reduction by 2030 and net zero by 2050, validated by the Science Based Targets initiative (SBTi). Also, we managed to reduce the average carbon footprint per carton by 29% compared to 2014.
Profit
2024 was defined by a strong financial performance including reported record-breaking revenues. Revenues grew organically by 2.2% to EUR 1,157 million, EBITDA margin was 15.2% and the leverage ratio at year end was 2.1x. Our commitment to realising global growth is already well underway with the company having sold a record volume of 16 billion cartons last year.
