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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 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.
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