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Ardagh Metal Packaging S.A. (NYSE: AMBP) is a leading global supplier of infinitely recyclable and sustainable metal beverage cans and ends to brand owners. Operating across Europe and the Americas, Ardagh Metal Packaging (AMP) focuses on delivering high-quality, innovative packaging solutions. The company operates 23 production facilities in nine countries, employing approximately 6,300 people and recorded revenues of $4.8 billion in 2023.
AMP's business is divided into two segments: Europe and the Americas. The Americas segment generates the majority of the company's revenue, driven by strong demand and innovative product offerings. Despite facing a challenging market environment in 2023, AMP managed to achieve record global revenues and shipment volumes, with a notable 5% growth in global beverage can shipments.
One of AMP's key strengths is its commitment to sustainability. The company produces packaging that is 100% recyclable, supporting the circular economy. AMP has also made significant progress in sustainability initiatives, including the certification of its facilities by the Aluminium Stewardship Initiative (ASI) and the publication of its Green Bond report.
Recent achievements include the launch of a new production facility by Hart Print, a subsidiary of AMP, in Elkton, Maryland. This expansion aims to increase annual printing capacity by 66% and enhance service offerings on the U.S. East Coast.
Financially, AMP has demonstrated resilience and strategic management. In the first quarter of 2024, the company reported a revenue increase of 1% year-over-year, reaching $1.141 billion. Adjusted EBITDA also saw a 3% improvement, totaling $134 million. These results underline AMP's robust operating performance and strategic investments in growth and sustainability.
Looking forward, AMP continues to focus on balancing its network capacity, enhancing operational efficiency, and capturing future growth opportunities. The company remains committed to delivering strong financial performance and value to its shareholders, consistently declaring quarterly dividends of $0.10 per ordinary share.
Ardagh Metal Packaging (AMBP) has announced its participation in Citi's 2024 Basic Materials Conference on December 4, 2024. CEO Oliver Graham will engage in a fireside chat at 15:30 US Eastern Time. The event will be accessible through a live webcast on the company's investor relations website, with a replay available after the session concludes.
Ardagh Metal Packaging (AMP) has released its Sustainability Roadmap, outlining progress on its key sustainability pillars: Emissions, Ecology and Social. The report introduces new decarbonisation roadmaps detailing the company's 2030 SBTi targets. As a global supplier of sustainable metal beverage cans, AMP operates 23 production facilities across Europe and the Americas, employing approximately 6,300 people with revenues of $4.8 billion in 2023.
Chief Sustainability Officer Til Runke emphasized the company's commitment to reducing emissions, material use, waste, and water consumption while promoting workplace diversity and community engagement.
Ardagh Metal Packaging (NYSE: AMBP) reported strong Q3 2024 results with revenue increasing 1% to $1,313 million and Adjusted EBITDA growing 15% to $196 million. Global beverage can shipments grew 2%, with 1% growth in Americas and 2% in Europe. The company improved its full-year 2024 Adjusted EBITDA guidance to $650-660 million, supported by favorable volume/mix, higher input cost recovery, and lower operating costs. The company maintains a strong liquidity position of $0.7 billion and expects total liquidity of approximately $1 billion by end of 2024.
Ardagh Metal Packaging (NYSE: AMBP) has announced a quarterly cash dividend of $0.10 per ordinary share. The dividend will be paid on December 19, 2024 to shareholders who are on record as of December 5, 2024.
Ardagh Metal Packaging-Europe (AMP-Europe) has signed a virtual Power Purchase Agreement (vPPA) with BNZ in Portugal, set to commence in 2026 for 12 years. This agreement will secure 146 GWh p.a. of renewable electricity certificates, expected to offset approximately 50% of AMP-Europe's continental energy consumption. Schneider Electric supported AMP-Europe in the project selection and vPPA negotiation.
This latest vPPA follows a solar energy agreement secured in Germany earlier this year with Sunnic Lighthouse GmbH. AMP-Europe aims to meet its target of 100% renewable electricity by 2030. The collaboration with BNZ aligns with AMP-Europe's commitment to accelerating a clean energy transition and marks a significant milestone in expanding their vPPA portfolio in Europe.
Ardagh Metal Packaging S.A. (AMBP) has announced its upcoming Third Quarter 2024 earnings call, scheduled for Thursday, October 24, 2024. The company will release its results on its website at midday BST (07:00 EDT) on the same day. An investor webcast and conference call will follow at 14:00 BST (9:00 EDT).
Investors can access the webcast through a provided link, and a full replay will be available after the live presentation. For those unable to join the webcast, dial-in options are available for both international and US/Canada participants. Additional dial-in numbers and a participant access link are provided for convenience.
Ardagh Metal Packaging S.A. (AMBP) has appointed Stefan Schellinger as Chief Financial Officer, effective September 1, 2024. Schellinger brings over 25 years of financial and commercial experience, having previously served as CFO for ContourGlobal plc and Essentra plc. He succeeds David Bourne, who is leaving the company. CEO Oliver Graham praised Schellinger's experience in creating value through organic and inorganic growth.
Schellinger's background includes roles at Danaher and J.P. Morgan. He holds an MBA from the University of Chicago and a degree in Finance and Accounting from the University of St. Gallen, Switzerland. This leadership change aims to strengthen AMBP's financial management and potentially drive growth initiatives.
Ardagh Metal Packaging S.A. (NYSE: AMBP) has declared a quarterly cash dividend of $0.10 per ordinary share. The dividend will be payable on September 26, 2024 to shareholders of record as of September 12, 2024. This announcement demonstrates the company's commitment to returning value to shareholders through regular dividend payments. The declaration of a dividend can be seen as a positive signal of the company's financial health and confidence in its future prospects. However, investors should consider the sustainability of these dividend payments in light of the company's overall financial performance and market conditions.
Ardagh Metal Packaging S.A. (NYSE: AMBP) reported strong Q2 2024 results, with Adjusted EBITDA increasing 18% to $178 million, exceeding guidance. Global beverage can shipments grew 3%, driven by 5% growth in Europe. Revenue remained stable at $1,259 million. The company improved its 2024 outlook, projecting shipments growth approaching mid-single digits % and full-year Adjusted EBITDA of $640-660 million. Key highlights:
- Americas Adjusted EBITDA up 14% to $99 million
- Europe Adjusted EBITDA up 23% to $79 million
- Total liquidity improved to $405 million
- New $300 million secured financing commitment from Apollo
- Quarterly dividend of $0.10 per share announced
Ardagh Metal Packaging S.A. (AMBP) will host its Second Quarter 2024 earnings call on Thursday, July 25, 2024. The earnings release will be available on the company's website at midday BST (07:00 EDT) on the same day. An investor webcast and conference call are scheduled for 14:00 BST (9:00 EDT). A replay of the presentation will be accessible shortly after the live event.