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ardagh metal beverage

    ardagh metal beverage

    And so the guide we gave at the full year, which is we are expecting to over recover on inflation over the course of the year relative to our cost inflation '22 into '23, that guide remains intact. So we'd have to backfill it that way. I was going to hit it later. Our Sales team is uniquely qualified to discuss these product advantages and how Ardagh will deliver value across your entire business from design, to spec, to production and on-time delivery of the highest quality packaging in the industry. Got it. Looking into Q2 and beyond, we see inflation recovery in Europe that will drop through its adjusted EBITDA as we set out in our forecast. Ardagh is at the forefront of aluminum beverage packaging, with 11 production facilities throughout the Americas. Adjusted EBITDA for the quarter was $49m, decreasing by 13% at actual exchange rates and 8% at constant currency compared to $56m in the same period last year. And so I think that although there is capacity in the market, I think it's being managed in a good way. With that being said, within Brazil, what are your customers telling you in terms of their intention two years, three years from now in terms of can in one way versus glass in one way? And is that driven primarily by kind of volume recovery or maybe cost? So yes, no particular trend, I think in there. We are fully hedged for the current year and have significantly progressed our energy purchases for future years as prices have fallen. We suspect that energy drinks is also a bit stronger, though, again, we don't have the big share of that market, we have good share, but not the big share. If we turn to North America, there's clearly strength in the soft drink side, CSD and especially the energy space, which is very hot, still a lot of innovation in that space, exciting new companies. Directions Advertisement. We will show continued discipline with our capacity planning in the interim. I think the price lever is at that limit. Ardagh is pleased to announce that its acquisition of Consol Holdings Proprietary Limited, the leading producer of glass packaging on the African continent, has completed. And I think one of your peers talked about potential buying patterns in Europe where customers are maybe delaying a little bit of buying, maybe until we get a little bit closer into the summer season. And if so, how far along are you? As part of our strategy, we have mapped out ambitious commitments and targets for the next decade. So those are a set of one-offs that will unwind during this year. Rexam Beverage Can Americas is an operation of one of the world's leading consumer packaging groups and the world's leading beverage can maker. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. So just anything that you can speak to in terms of one substrate winning or not in the beer category down there and then what we should be looking for in the outside world that could kind of reaccelerate that transition to one way versus returnable. Luxembourg B 251465, Modern Slavery Statement Adjusted EBITDA in the Americas decreased by 9% to $81 million in the first quarter. Is it fair to assume now that given what you're seeing, maybe there's a little bit of optimism that Ardagh can also kind of start to approach into the mid-single digits? United States of America (USA) Packaging Market Size, Analysing Key Pack Material (Pack Type, Clo Henkel and UPM Specialty Papers create heat-sealable packaging, Constellation pledges improvements in circularity of alcohol packaging. And so the cans took all the growth as the returnables declined. Please go ahead. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. As part of the Mission Possible Partnership, we have endorsed the industry back net zero transition strategy, and we continue to progress our sustainability targets and are delighted to have just signed a PPA agreement with [indiscernible] Electricity in Germany, which will provide approximately 20% of our electricity needs. Ardagh Metal Packaging (AMP), 75%-owned by Ardagh Group islisted on the New York Stock Exchange. And good luck on the rest of the year. I mean North America and Europe, you've seen cans grow versus one-way glass over the last 20 years or so and over the last 10 years. Our exposure to the customer was at a historic low position. 16 countries, employing more than 21,000 people with sales of approximately $10bn. As previously indicated, our revised growth investment plans are well advanced, and cash outflows comprised the finishing of projects already underway. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Okay. On a constant currency basis, revenue increased by 2%, reflecting favourable volume/mix effects and the pass-through to customers of higher input costs. We believe that's a very strong space for the cans to grow share, currently very underpenetrated and lots of room for healthier options there as well. Ardaghs focus on customer satisfaction builds on the environmental strengths of the beverage can, which are marked by high recycle rate and content numbers, and clear business advantages which include the cans ideal filling, distribution and retail display economics. You've got different players performing differently. And then also, what does that mean for your European footprint in terms of now potentially having some excess slack over in the Austrian region? Categorized under Can Manufacturers. Adjusted EBITDA decreased by $15m, or 10%, to $130m in the three months ended 31 March 2023, compared to $145m in the same period last year. So what are you seeing across the regions in terms of the buying patterns as well? You can see some EBITDA growth into next year and then the BGI drop. GoresGroup-SVC@sardverb.com, Internet Explorer presents a security risk. So as I say, we definitely have some strength in beer, but we also have some weakness at the higher end. Stephen Clarke CTS Manager +44 1244 68 4552; stephen.clarke@ ardaghgroup.com; Being infinitely recyclable, a glass bottle or jar can be made into a new one over and over again, with no loss in quality or purity. Ardaghs metal packaging business operates 23 production facilities in Europe and the Americas, employs approximately 4,900 people and recorded revenues of $3.5 billion in 2020. Sleek to 24 oz., offering a wide variety of options to ideally represent customer brands. So soft drink is definitely a bit stronger than beer. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Metal is a permanent material, meaning it can be infinitely recycled without any loss of quality. So there's also some one-off effects in Europe. By law, you can bring up to 50 aluminum, 50 glass, 50 plastic, and 50 bi-metal California Redemption Value (CRV) containers and request to be paid by count. Overall, the decline in the year reflected softer conditions in the Brazil market, with our performance in North America ahead of the prior year and our expectations due to good volume growth and improved manufacturing efficiency. North America grew by 5%, and more than offset marginally . On a constant currency basis, adjusted EBITDA decreased by 8%, mainly due to negative volume/mix effects and higher operating costs. Neither AMPs independent auditors, nor the independent registered public accounting firm of Gores Holdings V, have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them have expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. How we use your information depends on the product and service that you use and your relationship with us. It is part of the company's multi-billion dollar investment programme to build new, recyclable, metal packaging capacity across Europe, North America and Brazil. So in theory, you might get a lower cost on other cash utilization relative to the dividend where the market is putting a 11% yield on. Yes. Visual effects across labels and ends to positively influence consumer purchase decisions and strengthen retail price points. We'll now move to Arun Viswanathan from RBC. So yes, keep an eye on off-trade penetration of cans is the number to look for. And yes, back to my previous comments, what I think you're seeing in Europe is a lot of volatility in demand across different players because they're operating in different parts of the market. Once cans arrive at stores, stacking efficiency provides easy and effective retail display. The foregoing list of factors is not exhaustive. Hi, Arun. Cash outflow in the period beat our expectation but reflected the usual seasonality in working capital with a working capital outflow in the quarter of $346 million. Forward-looking statements speak only as of the date they are made. The shares of AMP (AMPSA Shares) to be issued by AMP in the Business Combination are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. If you are a customer of Ardagh Metal Beverage and do not yet have a user ID and password for this portal, please register here: Register; Contact. We operate 65 metal and glass production facilities in 16 countries, employing more than 20,000 people. Thank you. So energy costs have risen very significantly as a proportion of household income. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Through PLTW, we plan to deliver positive results for more than 2,000 schools and 500,000 PreK-12 students in our local communities. Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. Ardagh operates 56 metal and glass production facilities in 12 countries, employing more than 16,000 people with sales of approximately USD 7bn. So seltzers for us, we had softness in particular with one customer there. I think that they've got some firepower particularly as the LME comes off, they can actually do some promotional activity without actually damaging margin. The hard seltzer category accounted for 8% of North America shipments in the quarter, with the segment remaining under pressure. And then I know you've given a lot of color regarding the categories in some of the regions. And so you get the shift into one-way packaging. And so I think customers in Brazil are still short and importing the one way, and that explains why you might see investments there. For inquiries regarding The Gores Group and affiliates: Jennifer Kwon Chou And so we can't speak to what impact that's having on them and their position. I mean that category, though, overall, I think, is beginning to move. We recorded revenue of $1.1 billion, which represented a growth of 2% on a constant currency basis, predominantly reflecting higher volumes. Ardagh will retain an approximately 80% stake in AMP and receive up to $3.4 billion in cash in the transactions. Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for the world's leading brands. But as I said, I think it's really at the margin relative to the overall volume being shipped in the market. Ardagh Group also holds a 42% interest in Trivium Packaging, a leading supplier of sustainable metal packaging Luxembourg-based metal packaging supplier Ardagh Metal Packaging (Ardagh) has reported a solid performance in the first quarter (Q1), with global beverage can shipments growing by 3% during the period. Regular quarterly ordinary dividend of 10c announced, in line with guidance for an annual dividend of 40c per share. So again, sort of through to the middle of the decade. I referred to it in the remarks, but there's some drag in Q1 from the timing of the recognition of those PPI mechanisms into EBITDA, and that drag has gone after Q1. In light of our resilient start to the year, we are reaffirming our full year guidance. For interested investors who wish to participate, the conference call and replay details will be available on the Investors section of the Ardagh Group website at https://www.ardaghgroup.com/corporate/investors. So I think when you add it all together, it makes all sorts of sense that you'd see some increased promotional activity as we go through the year. You mentioned increasing promotional activity in non-alcoholic. Remarks today will include certain forward-looking statements and include use of non-IFRS financial measures. Metal beverage cans are the ideal example of a circular economy, with recycled cans being able to return to retail shelves in their original form in approximately 60 days. Adjusted EBITDA for the quarter of $49 million decreased by $7 million, or 13%, at actual exchange rates, and by 8% at constant currency, compared with $56 million in the same period last year. We continue to monitor that, obviously, on a month-by-month basis, and we continue to monitor our overall capacity because we do intend to keep utilization in the 90s over the next few years. To date, Alec Gores and affiliates of The Gores Group have announced and completed six business combinations representing over $27 billion in transaction value. So effectively, in Q2 last year, you had the Brazil reopening, which was a volume coming in the offseason from transitioning out of COVID, which gave a very unusual offseason pattern. We've seen a very unusual period where price is rising and volumes are dropping less than historically, but we're clearly reaching the limits of that now. But on the direct energy pass-through, as energy falls, that will get passed through back to customers. I think we said at the full year, and so we can repeat, there are 3 elements that mean that we won't get to 1.1 without further action those three elements of foreign exchange, so that can obviously move. More. And so we would expect a continued growth like that but not necessarily at the level you've always seen in North America. And that's what we thought when we gave our full year guidance, and our opinion on that hasn't changed. And so we don't see that impacting us because those are known events in the near term. Additional information about the transactions, including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Gores Holdings V and in a report on Form 6-K to be filed by Ardagh with the U.S. Securities and Exchange Commission and available at www.sec.gov. Ardagh operates 65 metal and glass production facilities in It should not be relied upon as being indicative of future results. We hedged out all our risk for this year, last year and confirm with customers that they were comfortable with that position, which is higher than spot because of the unexpected drop in the energy market. What type point should we kind of look out for in terms of when Ardagh might consider kind of restarting that? Cash outflow in the period which reflects seasonality and a first half weighting of unchanged planned growth capex was marginally ahead of expectations. Shearman & Sterling LLP is acting as legal advisor, to Ardagh. Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world's leading brands Our performance in North America, with good volume growth, and Europe with improved cost passthroughs were both ahead of expectations. On closing of these transactions, in addition to its holding in AMP, Ardagh will retain 100% ownership of its glass packaging business as well as its 42% stake in Trivium Packaging BV. ARDAGH METAL BEVERAGE USA INCORPORATED EPA Registry Id: 110001360214 4001 MONTDALE PARK DRIVE VALPARAISO, IN 46383-0607 Query executed on: APR-14-2023 Additional information for CERCLIS or TRI sites: This information resource is not maintained, managed, or owned by the Environmental Protection Agency (EPA) or the Envirofacts Support Team. So we also get some enhanced inflation recovery in the subsequent quarters. In terms of the other players, I think most of them did get some degree of contractual coverage on their investments. The growth was driven by a 4% increase in the Americas and a 2% increase in Europe. Net leverage at the end of the quarter, up 5.8x LTM adjusted EBITDA, was modestly better than our expectation and was despite a strengthening in the euro-dollar rate into the end of the quarter. Information about Gores Holdings Vs directors and executive officers and their ownership of Gores Holdings Vs securities is set forth in Gores Holdings Vs filings with the SEC, and information about Ardaghs and AMPs directors and executive officers is or will be set forth in their respective filings with the SEC. Ardagh Group is a Luxembourg -based producer of glass and metal products that has "grown in the past two decades into one of the world's largest metal and glass packaging companies".

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