Strong Start to Fiscal Year 2025
Ardagh Metal Packaging (AMP) reported a 6% increase in global shipments and a 16% growth in adjusted EBITDA, both metrics surpassing initial guidance.
Robust Performance in The Americas
Revenue in the Americas rose by 12% to $740 million, with adjusted EBITDA increasing by 16% to $106 million. Shipments in North America grew by 8%.
Positive Outlook and Increased Guidance
AMP has upgraded its full-year guidance, anticipating shipments growth of 3% to 4% and adjusted EBITDA in the range of $695 million to $720 million.
Improved Financial Position
AMP ended the quarter with a liquidity position of $570 million. The net leverage ratio improved to 5.5 times, down from 6.2 times in Q1 2024.
Strong Performance in Europe
European revenue increased by 10% to $528 million, with adjusted EBITDA up by 14% to $49 million, driven by volume growth and cost recovery.