Ardagh Metal Packaging Sa Stock Price, News & Analysis

Ardagh Metal Packaging (NYSE: AMBP) reported a strong Q1 2022, with revenue increasing by 21% to $1,137 million, compared to $939 million in Q1 2021. Profit for the period was $57 million, a significant turnaround from a $74 million loss last year. Adjusted EBITDA was $145 million, reflecting a 1% growth at constant currency. Demand remains robust, particularly in the Americas, while European operations faced challenges due to inflation. The company plans to ramp up production capacity and maintain liquidity at $450 million.

Ardagh Metal Packaging S.A. (NYSE: AMBP) has filed its annual report on Form 20-F for the year ending December 31, 2021, with the United States Securities and Exchange Commission. This report includes audited consolidated financial statements. Ardagh Metal Packaging is recognized as a leading global supplier of sustainable, metal beverage cans, with operations across 24 facilities in the Americas and Europe. In 2021, the company generated revenues of $4 billion and employs approximately 5,800 people. The Form 20-F is accessible on their website and available in print for shareholders.

Ardagh Metal Packaging (NYSE: AMBP) reported strong financial results for Q4 2021 with a revenue increase of 22% to $1,087 million, compared to $893 million in Q4 2020. The full year revenue reached $4,055 million, up 18% year-over-year. Adjusted EBITDA for Q4 grew by 19% to $165 million, driven by a 26% rise in the Americas. Despite facing inflationary pressures, the company demonstrated resilience with global beverage can shipments increasing by 6%. The adjusted earnings per share for Q4 stood at $0.11. Cash generation remained robust with $389 million in adjusted free cash flow.

Ardagh Metal Packaging (AMP) announced plans to invest $200 million in a new beverage can plant in Northern Ireland, near Belfast, to serve the growing demand in Ireland, the UK, and Europe. This facility is part of a broader multi-billion dollar investment strategy aimed at expanding recyclable metal packaging capabilities. The plant will create numerous full-time jobs and is expected to operate in 2023. AMP aims to enhance sustainability and reduce carbon emissions by localizing production.

Ardagh Metal Packaging S.A. (NYSE: AMBP) reported a 15% increase in revenue for Q3 2021, reaching $1,038 million, compared to $899 million in Q3 2020, driven by higher metal costs and favorable volume/mix effects. Adjusted EBITDA rose 17% to $176 million, despite a cybersecurity incident costing $11 million. The company is raising its full-year Adjusted EBITDA outlook to at least $660 million. Strategic investments in the UK and southwestern US will enhance production capacity. However, global beverage can shipments were down 6% due to market softness, particularly in hard seltzer.

Ardagh Group S.A. (NYSE: ARD) announced the final results of its exchange offer for all outstanding Class A Common Shares (AGSA Shares) for Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The exchange, which closed on October 5, 2021, saw 15,755,304.7 AGSA Shares (84.38% of total shares) exchanged for 39,388,152 AMPSA Shares. This move allows AGSA to maintain approximately 75% ownership of AMPSA, resulting in a public float of around 25%. Following this successful exchange, AGSA will initiate voluntary delisting from NYSE.

Ardagh Metal Packaging announced its Third Quarter 2021 earnings call scheduled for October 28, 2021. A results release will be available on their website at midday BST (07:00 EST) on the same day. The investor webcast and conference call is set for 14:00 BST (09:00 EST). Interested participants can join the webcast via the provided link or dial in using the US number +1 323 794 2093 or international number +44 330 336 9105, using conference code 3746074.

Ardagh Group S.A. announced the preliminary results of its exchange offer for Class A Common Shares (ARD) for shares of Ardagh Metal Packaging S.A. (AMBP) on October 6, 2021. Approximately 15,869,750 AGSA Shares, or 85% of total outstanding stock, were validly tendered, leading to the planned exchange of about 39,674,374 AMPSA Shares. Following the exchange, AGSA expects to hold 75% of AMPSA, enhancing public float to 25%. The AGSA Shares were delisted from NYSE on October 5, 2021, post successful exchange offer completion.

On September 24, 2021, Ardagh Group S.A. (NYSE: ARD) announced its decision to voluntarily delist its Class A common shares from the NYSE after completing an exchange offer. Shareholders will receive 2.5 shares of Ardagh Metal Packaging S.A. (NYSE: AMBP) for each AGSA share. The exchange offer will end at 11:59 p.m. on October 5, 2021, with plans to file for delisting on October 6. This move aims to eliminate inefficiencies from dual public trading and reporting obligations. AGSA does not plan to list shares on another exchange.