Ardagh Metal Packaging S.A.

Ardagh Metal Packaging S.A. Earnings Recaps

AMBP Consumer Cyclical 1 recap
Q3 2025 Oct 25, 2025

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.

Key takeaways
  • 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.
Full recap