Ardagh Metal Packaging reported a strong third quarter with a 6% increase in adjusted EBITDA year-over-year, driven by robust shipment growth in Europe and North America.
- Adjusted EBITDA reached $208 million, at the upper end of guidance, supported by lower operational costs and favorable category mix.
- European revenue increased 9% to $625 million, while Americas revenue rose 8% to $803 million, with both regions benefiting from product mix improvements.
- Despite shipment growth slowing in Brazil with a 17% decline, expect a modest rebound in Q4.
- Liquidity remains strong with over $600 million, and net leverage decreased to 5.2x adjusted EBITDA.
- The company upgraded full year adjusted EBITDA guidance to a range of $720 million to $735 million, anticipating approximately 3% shipment growth for the full year.
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