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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.
On April 27, 2023, Ardagh Metal Packaging (NYSE: AMBP) announced its financial results for Q1 2023. The company reported a revenue of $1,131 million, down 1% from $1,137 million in Q1 2022, but up 2% on a constant currency basis. Adjusted EBITDA decreased by 10% to $130 million from $145 million year-over-year, impacted by higher operating costs and volume/mix effects. In the Americas, revenue rose by 1% to $645 million, while European revenue fell by 3% to $486 million. The company reported a loss of $1 million in the period compared to a profit of $57 million last year. Total liquidity stood at $495 million, and a regular dividend of $0.10 per share was maintained, supporting a projected annual dividend of $0.40. Future guidance remains optimistic, including expected shipment growth in 2023.
Ardagh Metal Packaging S.A. (NYSE: AMBP) has declared a quarterly cash dividend of $0.10 per ordinary share, set to be paid on June 28, 2023. Shareholders on record as of June 14, 2023 will be eligible for this dividend. The company's robust position in the metal beverage can market is underscored by its $4.7 billion sales in 2022. As a leading global supplier, Ardagh operates 24 production facilities across nine countries, employing over 6,300 individuals. This dividend declaration reflects the company’s ongoing commitment to shareholder returns, amidst its focus on sustainable packaging solutions.
On February 27, 2023, Ardagh Metal Packaging (NYSE:AMBP) announced the acquisition of a majority stake in NOMOQ, a digital can printing innovator based in Switzerland. NOMOQ offers customizable beverage cans with no minimum order quantities, enhancing flexibility for both emerging and established beverage brands. This acquisition follows AMP's earlier investment in Hart Print, aiming to expand its digital printing capabilities in Europe. With a focus on sustainability and creative packaging, AMP aims to enhance brand-building opportunities for its customers in the growing canned beverage market.
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