Ardagh Group S.A. (“Ardagh”, and together with its subsidiaries, “the Group”) has today reported first quarter earnings to March 31, 2025.
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First quarter 2025 revenues of $2.2 billion represented a 3% increase compared with the same period last year. Adjusted EBITDA for the quarter increased by 14% to $290 million compared with the same period last year, with growth in both Glass Packaging and Metal Packaging. Adjusted EBITDA in Metal Packaging increased by 16% to $155 million for the quarter, with an increase of 13% to $135 million in Glass Packaging.
Group cash and available liquidity at March 31, 2025 of over $1.1 billion, after the customary seasonal first quarter working capital outflow, represented an increase on the $970 million reported at March 31, 2024.
As outlined on April 7, the Group's capital structure review is ongoing, and it continues to engage in constructive discussions with noteholders regarding the terms of a potential transaction to put in place a sustainable capital structure.
The Group's first quarter 2025 financial results can be found at https://ir.ardaghgroup.com/financial-results
Ardagh Groupis a global supplier of infinitely recyclable metal and glass packaging for brand owners around the world. Ardagh operates 59 metal and glass production facilities in 16 countries, employing approximately 19,000 people with sales of approximately $9.1 billion in 2024.
Disclaimer
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, or an exemption from registration.
This release contains “forward-looking” information. The forward-looking information is based upon certain assumptions about future events or conditions and is intended to illustrate hypothetical results under those conditions. Actual events or conditions are unlikely to be consistent with, and may materially differ from, those assumed. Any views or opinions expressed in this release (including statements or forecasts) constitute the judgement of the Company as of the date of this material and are subject to change without notice. You are cautioned not to place undue reliance on any forward-looking information.
Any projections or forecasts in this release are illustrative only and have been based on the estimates and assumptions when the Company's business plan was prepared. Such estimates and assumptions may or may not prove to be correct. These projections do not constitute a forecast or prediction of actual results and there can be no assurance that the projected results will actually be realized or achieved. Actual results may depend on future events which are not in the Company's control and may be materially affected by unforeseen economic or other circumstances.
Contacts:
Media:Pat Walsh, Murray ConsultantsTel.: +353 1 498 0300 / +353 87 2269345Email: pwalsh@murraygroup.ie
Conor McClaffertyConor.McClafferty@fgsglobal.com
Investors: investors@ardaghgroup.com
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SOURCE Ardagh Group S.A.
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