The Company has an entrepreneurial owner-manager culture that has led to a successful transformation underpinned by powerful industry dynamics. But then there is also an acceleration of our inflation recovery. Then that gets us into a very sustainable position for funding the dividend. North America grew by 5%, and more than offset marginally . Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Call Transcript Cookie Policy | Privacy Statement | Terms&Conditions. Adjusted EBITDA for the quarter was $81m, decreasing by 9% compared to $89m in the same period last year, primarily driven by input cost headwinds and higher operating costs, partly offset by favourable volume/mix effects. Our Code of Conduct is a guide for conducting our business in an honest and professional manner. We believe a partnership approach is essential in the development of both product and process innovation. Wed like to share more about how we work and what drives our day-to-day business. Now whether they're getting the volumes that went with those contractual coverage, we don't know. There is some acceleration in volume received in our guidance in the second half, and we can talk more about the markets and why we've got that assumed. So I think we're well placed for the growth that's about to come. The quick one is just of the curtailment you guys have talked about for this year, the 1 billion in Europe and 2 billion cans in North America, have you started that yet? It appears that a couple of years ago when the market was really tight, pricing was achievable. Both businesses performed ahead of our expectations, offsetting a softer performance in Brazil and supporting the delivery of our adjusted EBITDA guidance. Cookie Policy | Privacy Statement | Terms&Conditions. Second quarter Adjusted EBITDA expected to be of the order of $170 million (Q2 2022: $181 million reported; $180 million at constant currency). Perfect. Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. We think you can track off-trade penetration in cans and that, that will return to its growth pattern like it has for every other developing market over the years. Yes. From 24/7 support and production line maintenance, to on-going quality performance analysis and efficiency improvements, we work directly with customers to ensure our packaging performs above and beyond expectations. You can update your preferences by clicking the "Cookie Policy" link at the bottom of any page on our website. We haven't guided to it. Thank you. ARDAGH METAL BEVERAGE USA INC. | LinkedIn Gores Holdings V and The Gores Group are separate entities with separate management, although there is overlap in size and industry of target acquisition and personnel involved. This concludes the brownfield investments under our initial growth investment program. And Ollie, I'll take that at surface level, and that's great. Ardagh Metal Packaging S.A. (NYSE: AMBP) will hold its first quarter 2023 earnings webcast and conference call for investors at 9.00 a.m. EDT (2.00 p.m. BST) on April 27, 2023. Any forward-looking information presented herein is made only as of the date of this release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. Europes Revenue decreased by 3% to $486m in the three months ended 31 March 2023, compared to $499m in the same period last year. No, absolutely. Contents are protected from air and light, with their distinct flavors preserved, Cans offer 360-degree branding opportunities. If you have an ad-blocker enabled you may be blocked from proceeding. And so I think customers in Brazil are still short and importing the one way, and that explains why you might see investments there. And the third element is that our program included a significant proportion of seltzers, which had a very strong mix impact in our numbers. And then I know you've given a lot of color regarding the categories in some of the regions. You may now disconnect. Ardagh Group is a global supplier of sustainable, infinitely recyclable, metal and glass packaging for brand owners around the world. A subsidiary of sustainable packaging business Ardagh Group, AMP is a leading industry metal packaging companyacross Europe, North America and Brazil with innovative production capabilities. Ardagh Metal Packaging S.A. and Gores Holdings V Announce Completion of We will continue to focus on working capital efficiencies, and our guidance for a full year working capital benefit of approximately $100 million remains unchanged. read more 26. Are you feeling pretty good about your contracted position? [email protected], John Christiansen/Cassandra Bujarski/Danya Al-Qattan Gores Holdings V, Ardagh and AMP and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Gores Holdings Vs stockholders in connection with the proposed Business Combination. Revenue of $1,131 million in the three months ended March 31, 2023 decreased by $6 million, or 1%, compared with $1,137 million in the same period last year. If you mentioned what the cause of that or those factors were, I apologize for missing it, but could you again review what was happening with payables? And could that possibly trigger just sort of a repricing event across the space? Thank you, operator, and welcome, everybody. Ardagh produces distinctive and innovative glass packaging in all shapes and sizes for brand owners around the worldand offers a choice of almost 20 different colours. Thank you. Got it. For 2023, we continue to expect shipment growth in the order of a low single-digit percentage with a more significant increase in adjusted EBITDA arising as the year progresses.

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