AMBP

This article first appeared on GuruFocus. - Global Shipments: Beverage can shipments increased 2% in Q3 2026, with Europe up 6% and the Americas down 1%. - Europe Revenue: Increased 11% to $693 million (up 12% constant currency), driven by input cost pass-through and volume growth. - Europe Adjusted EBITDA: Increased 11% to $91 million, driven by high input cost recovery and strong volume growth. - Americas Revenue: Increased 25% to approximately $1 billion, reflecting input cost pass-through (metal and freight), partly offset by lower shipments. - Americas Adjusted EBITDA: Decreased 3% to $122 million on lower volumes, higher operations/overhead costs, and lower input cost recovery, partly offset by favorable category mix. - North America Shipments: Down less than 1% year-over-year, a sequential improvement versus the first half. - Brazil Shipments: Decreased 5% due to customer mix and a contract reset; moderate growth expected in Q4. - Total Adjusted EBITDA: $213 million in Q3, ahead of guidance. - Full Year 2026 Adjusted EBITDA Guidance: Upgraded to $785 million$795 million. - Liquidity: Robust position of $736 million at quarter end. - Net Leverage: Net debt/LTM adjusted EBITDA of 5.1x versus 5.2x in prior year Q3; 5.6x on a comparable pro forma basis in the prior year quarter. - CapEx: Total 2026 CapEx expected at $240 million; growth CapEx rising from $90 million in 2026 to approximately $250 million in 2027. - Cash Interest: Approximately $220 million expected for full year 2026. - Lease Principal Repayments: Approximately $120 million expected for full year 2026. - Cash Tax: Approximately $30 million expected for full year 2026. - Working Capital: Small outflow expected for full year 2026. - Dividend: Unchanged quarterly ordinary dividend of $0.10 per share. - Europe Volume Outlook: Full year 2026 expected to at least meet guidance of approximately 3% growth; 2027 expected at 3%4%. - Energy Hedging (Europe): Over 80% hedged for 2027 and over 70% covered for 2028. - Warning! GuruFocus has detected 8 Warning Signs with AMBP. - Is AMBP fairly valued? Test your thesis with our free DCF calculator. Release Date: October 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Ardagh Metal Packaging SA (NYSE:AMBP) delivered Q3 2026 adjusted EBITDA of $213 million, exceeding guidance, with global shipments up 2%. - Europe showed strong volume growth of 6% and adjusted EBITDA growth of 11%, driven by robust demand across categories. - The company upgraded its full-year 2026 adjusted EBITDA guidance to $785-$795 million, reflecting strong performance. - Ardagh Metal Packaging SA (NYSE:AMBP) is accelerating and upscaling investments in two new can lines in the UK and Spain to capture growth, expected to drive material EBITDA growth from 2028. - The company maintains a robust liquidity position of $736 million and has reduced its net leverage ratio on a like-for-like basis. - Americas adjusted EBITDA decreased by 3% due to lower volumes, higher costs, and lower input cost recovery. - Brazil shipments declined 5% in Q3 due to customer mix and a contract reset, with only moderate growth expected in 2027. - Inflationary headwinds, particularly in coatings linked to oil prices, are expected to impact Q4 and 2027, with limited immediate mitigation. - Ardagh Metal Packaging SA (NYSE:AMBP) faces FX headwinds from a strengthening dollar and laps strong prior-year Q4 performance, pressuring Q4 EBITDA. - The company has upcoming debt maturities, and refinancing is expected to be at a higher cost given current market conditions. Q: With inflation in the system, are your beverage customers still pushing volume and promotions, or could higher prices impact demand in the Americas? A: CEO Oliver Graham said the company is not seeing any particular negative impact from inflation. Off-trade volumes tend to do better in inflationary times as consumers pull back from out-of-home consumption, and the can is an efficient vehicle for promotion. Promotional activity looks normal, energy remains well north of mid-single-digit growth, CSD is strong, and new healthy/wellness drinks are growing strongly. The only weak spot in North America is beer in cans, where AMP has very low exposure. In Brazil, industry beer-in-can volumes grew about 7% in Q3, putting the year-to-date figure at 3.5%. Q: Will the planned European capacity expansion be affected by the ongoing sale process, and could AMP's network be split up among different owners? A: CEO Oliver Graham declined to comment on the sale process but stressed that AMP is a strong global competitor with advantages to being global in the can industry. He said the capacity plans are completely independent of the process, and AMP continues to operate as an independent company with a controlling shareholder. Q: Brazil volumes were still down while peers saw increases and the market was up. Was that due to the customer reset, and what is the 2027 outlook? A: CEO Oliver Graham said most of the impact is about the contract reset; without it, AMP would be at, around, or even above market growth. He noted an encouraging return to growth in Brazil in Q3 and said the long-term fundamentals remain strong, driven by the shift from two-way glass to single-use packaging, with cans the main packaging format. Most of the 2026 and 2027 guidance impact is linked to that reset. Q: How did cost inflation track versus your July expectations, and are there variances between the U.S. and Europe or spillover into Q4 and 2027? A: CEO Oliver Graham said the situation is slightly more negative than at Q2, when oil prices had dropped and a Middle East resolution seemed more likely. The headwind is somewhat greater going into Q4 and 2027, mostly in Europe, with coatingsthe direct-materials category most linked to oil pricesthe key factor. CFO Stefan Schellinger added there is a little pressure on freight and energy, but AMP has good recovery and pass-through mechanisms and is significantly hedged for 2027 and beyond. Q: Q4 EBITDA guidance implies a decline of about 4%-5% at the midpoint despite volume growth. Is that incremental inflation, lead-lag items, or something else? A: CEO Oliver Graham said AMP is lapping a very strong Q4 last year (8% growth in North America, 4% overall). Q4 still has some volume growth, but there are FX headwinds from a stronger dollar versus the euro, timing effects around metal and freight hedges that reverse in the second half, and inflationary headwinds, mainly coatings. At the top end of guidance, results would be roughly flat year on year; at the midpoint, a few million off. Q: How significant are coatings as a percentage of COGS, and why are they such a surprise factor? A: CEO Oliver Graham said coatings are in the single digits as a percentage of COGS, but with oil prices spiking, the step-up in the underlying cost base is very meaningful given the large volumes purchased. Coatings carry in-year pass-through, with PPI and other mechanisms catching up over the year end, so the impact is seen more in-year than other COGS categories. It is not a huge number but relevant enough to be a headwind for Q4 and into 2027. Q: Where can you find incremental savings to mitigate inflation through year-end and into early next year? A: CEO Oliver Graham said AMP is always working on productivity and efficiency: lightweighting the can to reduce metal, stretched plant targets for reducing spoilage and running more efficiently, SG&A programs, and active procurement savings. He said there is no particular magicit is a significant unexpected in-year cost riseand year-end pass-throughs into customer pricing will start to mitigate the impact, though some effect remains in 2027 versus original expectations. AMP is also in engaged conversations with suppliers about phasing price increases. Q: What are the early volume trends for Q4 and the beginning of 2027? A: CEO Oliver Graham said trends are all good and the beverage can industry is in a strong position despite the macro environment. Europe's 6% Q3 growth is very strong by historical standards, peers are reporting similar numbers, and the can is benefiting from pack-mix gains and more soft-drink innovation. North America is still growing overall despite the beer drag, led by soft drinks, energy, and new drinks. Brazil is at 3.5% year-to-date and 7% in Q3 heading into summer, and he does not see anything different for 2027. Q: With AMP and peers adding capacity while projecting strong demand, is the expansion enough to capture demand, and could tight capacity incentivize new entrants? A: CEO Oliver Graham said Europe is struggling to keep up with demand, and the market will likely stay tight for at least two to three years while the industry responds. He sees no big threat from new entrantsmany tried during COVID and are essentially gonebecause scale is critical and being a global competitor is a significant advantage. North America is tightening on key sizes in key geographies, though AMP has room to grow into after this year's contract resets, and Brazil capacity is coming to meet geographic demand. Q: Beyond high debt levels and refinancing needs, what might upcoming maturities do to interest expense in 2027? A: CFO Stefan Schellinger said the 2028 maturities are next in line and AMP is proactively thinking about them. Any refinancing will likely come at a higher cost given current markets, but the impact depends on when and in which market AMP taps. CEO Oliver Graham added there is nothing to update today. Q: Is 2027 an above- or below-average year for contract renewals across the three regions? A: CEO Oliver Graham said it is definitely below average. North America went through big contract resets in 2024 and 2025, which hurt 2026 but should help 2027, For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Ardagh Group generated $2.78bn in revenue during the third quarter (Q3) of 2026, representing an 11.2% year-on-year increase, while group-adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) reached $392m. Operating earnings were level with the prior-year period on a reported basis but contracted by 2% when measured at constant currency. Ardagh Metal Packaging (AMP) posted a 2% increase in adjusted EBITDA on both a reported and constant currency basis to $213m. Total shipment volumes at AMP rose by 2% during the quarter. A 6% volume expansion in Europe compensated for a 1% drop across the Americas, where volumes fell 1% in North America and 5% in Brazil. The group's growth was tempered by Ardagh Glass Packaging (AGP), where adjusted EBITDA slipped 4% on a reported basis and 6% at constant currency to $179m. Worldwide shipments at AGP fell by 1%. A 6% downturn in North America outweighed improvements in Europe & Africa, where combined shipments edged up by more than 1%, reflecting a 1% increase in Europe and a 2% gain in Africa. In response to weak customer demand and surplus production capacity across Europe, AGP has begun a capacity review across its regional glass manufacturing network. The glass division has put forward proposals to decommission one furnace at its Holmegaard plant in Denmark and another at its Knottingley site in the UK. Consultations over the proposed closures are under way with plant management and local employee representatives at both locations. The group's net debt to adjusted EBITDA ratio decreased to 6.0× by 30 September 2026, down from 7.8× at the close of the comparative prior-year quarter before the recapitalisation took effect. Meanwhile, a summary judge in the district court of Luxembourg lifted an injunction that had prevented Ardagh Holdings from divesting any portion of its holdings in Ardagh Metal Packaging. Following the decision, Ardagh has resumed discussions with its advisers to prepare for a prospective sale of AMP. Separately, portfolio changes also advanced at Trivium Packaging, where Ardagh Group agreed to divest its entire stake of approximately 42%. The divestment was triggered by Ontario Teachers' Pension Plan agreeing to offload its majority interest in Trivium to Silgan Holdings and investment funds affiliated with American Industrial Partners. The takeover values Trivium at approximately $3.4bn. Ardagh Group anticipates receiving approximately $90m in net cash proceeds from the sale, which it intends to allocate toward business reinvestment or debt reduction. Ardagh Group executive chairman Mark Porto said: "Ardagh Group delivered a resilient performance for the third quarter, with adjusted EBITDA broadly in line with the prior-year quarter, despite the more challenging macroeconomic environment." "Ardagh Group third-quarter revenue climbs 11.2%" was originally created and published by Packaging Gateway, a GlobalData owned brand.

LUXEMBOURG, Oct. 22, 2026 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the third quarter ended September 30, 2026. | | Three months ended | | | | | | September 30, 2026 | | September 30, 2025 | | Change | | Constant Currency | | ($'m except per share data) | | | | Revenue | | 1,694 | | 1,428 | | 19 % | | 19 % Profit for the period | | 44 | | 27 | | | | Adjusted EBITDA (1) | | 213 | | 208 | | 2 % | | 2 % Earnings per share | | 0.07 | | 0.04 | | | | Adjusted earnings per share (1) | | 0.08 | | 0.08 | | | | Dividend per ordinary share | | 0.10 | | 0.10 | | | | Oliver Graham, CEO of Ardagh Metal Packaging (AMP), said: "AMP delivered a strong performance in the third quarter, with growth in global shipments and Adjusted EBITDA, ahead of our guidance. Beverage can shipments increased by 2%, driven by strong performance in Europe with growth of 6%, partly offset by a shipments decline of 1% in the Americas - which represented a sequential quarterly improvement, supported by the strength of our customer portfolio. Our Adjusted EBITDA outperformance in the quarter reflected a good performance in both segments. Europe continued to benefit from robust volume growth and the Americas were supported by favorable volume/mix effects driven by continued demand for speciality cans in North America, helping to negate the expected impact of contract resets. Beverage can industry demand remains resilient across each of our markets, driven by strength in key categories and continued share gains in the packaging mix. Given this demand strength we are pleased to announce that we are accelerating and upscaling our previously outlined growth investment plans in Europe, to capture this growth and to support our customers, by building two new can lines in existing facilities in the attractive markets of the UK and Spain." - Global beverage can shipments grew by 2% in the quarter versus the prior year quarter. Global shipments growth reflected an increase of 6% in Europe, partly offset by a 1% decline in the Americas, driven by a 1% decline in North America - a strong sequential improvement from Q2 - and a 5% decline in Brazil, due to customer mix and a contract reset. - Adjusted EBITDA of $213 million for the quarter was ahead of our guidance range of $200-210 million, representing a 2% increase, on both a reported and constant currency basis, versus the prior year quarter. - In Europe Adjusted EBITDA for the quarter increased by 11%, on both a reported and constant currency basis, to $91 million, mainly driven by higher input cost recovery and strong volume growth, partly offset by the impact of the IFRS 15 contract asset, as well as slightly higher operations and overhead costs. - In the Americas Adjusted EBITDA for the quarter decreased by 3% to $122 million, resulting from higher operations and overhead costs, as well as lower input cost recovery versus the prior year quarter, partly offset by favorable volume/mix. - Strong total liquidity position of $736 million at September 30, 2026. Net debt to Adjusted EBITDA ratio of 5.1x, below the 5.2x in the prior year quarter. On a comparable like for like basis, pro-forma for the Q4 2025 refinancing of the preferred shares, leverage has reduced from 5.6x in the prior year quarter. - Regular quarterly ordinary dividend of 10c announced. No change to capital allocation priorities. - 2026 Adjusted EBITDA guidance raised: Full year 2026 Adjusted EBITDA guidance range raised to between $785–795 million, assuming modest global shipments growth. - Fourth quarter Adjusted EBITDA expected to be in the range of $153–163 million. This compares with Q4 2025 Adjusted EBITDA of $166 million ($164 million at constant currency) and reflects current foreign exchange rates, some inflationary headwinds and also laps strong prior year shipments growth of 4%. Financial Performance ReviewBridge of 2025 to 2026 Revenue and Adjusted EBITDA Three months ended September 30, 2026 Revenue | | Europe | | Americas | | Group | | $'m | | $'m | | $'m Revenue 2025 | | 625 | | 803 | | 1,428 Organic | | 75 | | 198 | | 273 FX translation | | (7) | | — | | (7) Revenue 2026 | | 693 | | 1,001 | | 1,694 | | | | | | Adjusted EBITDA | | Europe | | Americas | | Group | | $'m | | $'m | | $'m Adjusted EBITDA 2025 | | 82 | | 126 | | 208 Organic | | 9 | | (4) | | 5 FX translation | | — | | — | | — Adjusted EBITDA 2026 | | 91 | | 122 | | 213 | | | | | | 2026 Adjusted EBITDA margin % | | 13.1 % | | 12.2 % | | 12.6 % 2025 Adjusted EBITDA margin % | | 13.1 % | | 15.7 % | | 14.6 % Nine months ended September 30, 2026 | | | | | | Revenue | | Europe | | Americas | | Group | | $'m | | $'m | | $'m Revenue 2025 | | 1,768 | | 2,383 | | 4,151 Organic | | 170 | | 512 | | 682 FX translation | | 78 | | — | | 78 Revenue 2026 | | 2,016 | | 2,895 | | 4,911 | | | | | | | Adjusted EBITDA | | Europe | | Americas | | Group | | $'m | | $'m | | $'m Adjusted EBITDA 2025 | | 208 | | 365 | | 573 Organic | | 55 | | (4) | | 51 FX translation | | 8 | | — | | 8 Adjusted EBITDA 2026 | | 271 | | 361 | | 632 | | | | | | 2026 Adjusted EBITDA margin % | | 13.4 % | | 12.5 % | | 12.9 % 2025 Adjusted EBITDA margin % | | 11.8 % | | 15.3 % | | 13.8 % Group Performance Group Revenue increased by $266 million, or 19% on both a reported and constant currency basis, to $1,694 million in the three months ended September 30, 2026, compared with $1,428 million in the same period last year, principally reflecting the pass through of higher input costs to customers and favorable volume/mix effects. Adjusted EBITDA increased by $5 million, or 2% on both a reported and constant currency basis, to $213 million in the three months ended September 30, 2026, compared with $208 million in the same period last year, principally due to higher input cost recovery and favorable volume/mix effects, partly offset by higher operations and overhead costs. Europe Revenue increased by $68 million, or 11%, to $693 million in the three months ended September 30, 2026, compared with $625 million in the same period last year. On a constant currency basis revenue increased by 12%, principally due to the pass through of higher input costs to customers and favorable volume/mix effects. Adjusted EBITDA increased by $9 million, or 11% on both a reported and constant currency basis, to $91 million in the three months ended September 30, 2026, compared with $82 million in the same period last year, principally due to higher input cost recovery, partly offset by unfavorable volume/mix effects (impact of IFRS 15 contract asset) and higher operations and overhead costs. Americas Revenue increased by $198 million, or 25% on both a reported and constant currency basis, to $1,001 million in the three months ended September 30, 2026, compared with $803 million in the same period last year, principally reflecting the pass through of higher input costs to customers and favorable volume/mix effects. Adjusted EBITDA decreased by $4 million, or 3%, to $122 million in the three months ended September 30, 2026, compared with $126 million in the same period last year, principally driven by higher operations and overhead costs and lower input cost recovery, partly offset by favorable volume/mix effects. Earnings Webcast and Conference Call Details Ardagh Metal Packaging S.A. (NYSE: AMBP) will hold its third quarter 2026 earnings webcast and conference call for investors at 9.00 a.m. EDT (2.00 p.m. BST) on Thursday October 22, 2026. Please use the following webcast link to register for this call: Webcast registration and access: https://event.webcasts.com/starthere.jsp?ei=1777075&tp_key=8448e3c5dc Conference call dial in: United States/Canada: +1 646 769 9200 International: +44 020 7769 6464 Participant pin code: 4670396 An investor earnings presentation to accompany this release is available at https://ir.ardaghmetalpackaging.com/. About Ardagh Metal Packaging Ardagh Metal Packaging (AMP) is a leading global supplier of sustainable and infinitely recyclable metal beverage cans to brand owners globally. An operating business of sustainable packaging business Ardagh Group, AMP is a leading industry player across Europe and the Americas with innovative production capabilities. AMP operates 23 production facilities in nine countries, employing approximately 6,500 people with sales of approximately $5.5 billion in 2025. For more information, visit https://ir.ardaghmetalpackaging.com/. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and are inherently subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this release. Certain factors that could cause actual events to differ materially from those discussed in any forward-looking statements include the risk factors described in Ardagh Metal Packaging S.A.'s Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") and any other public filings made by Ardagh Metal Packaging S.A. with the SEC. In addition, new risk factors and uncertainties emerge from time to time, and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual events to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this release be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. 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. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. The person responsible for the release of this information on behalf of Ardagh Metal Packaging Finance plc and Ardagh Metal Packaging Finance USA LLC is Stephen Lyons, Investor Relations Director. Non-IFRS Financial Measures This release may contain certain financial measures such as Adjusted EBITDA, Adjusted operating cash flow, Adjusted free cash flow, net debt and ratios relating thereto that are not calculated in accordance with IFRS® Accounting Standards. Non-IFRS financial measures may be considered in addition to IFRS financial information, but should not be used as substitutes for the corresponding IFRS measures. The non-IFRS financial measures used by Ardagh Metal Packaging S.A. may differ from, and not be comparable to, similarly titled measures used by other companies. Unaudited Condensed Consolidated Income Statement for the three months ended September 30, 2026 and 2025 | | | | | | | | | | | | | | Three months ended Septemober 30, 2026 | | Three months ended September 30, 2025 | | Before exceptional items | | Exceptional items | | Total | | Before exceptional items | | Exceptional items | | Total | | $'m | | $'m | | $'m | | $'m | | $'m | | $'m Revenue | | 1,694 | | — | | 1,694 | | 1,428 | | — | | 1,428 Cost of sales | | (1,497) | | (1) | | (1,498) | | (1,233) | | (1) | | (1,234) Gross profit | | 197 | | (1) | | 196 | | 195 | | (1) | | 194 Sales, general and administration expenses | | (69) | | (1) | | (70) | | (71) | | (2) | | (73) Intangible amortization | | (12) | | — | | (12) | | (34) | | — | | (34) Operating profit | | 116 | | (2) | | 114 | | 90 | | (3) | | 87 Net finance (expense)/income | | (61) | | 8 | | (53) | | (56) | | 6 | | (50) Profit before tax | | 55 | | 6 | | 61 | | 34 | | 3 | | 37 Income tax charge | | (17) | | — | | (17) | | (10) | | — | | (10) Profit for the period | | 38 | | 6 | | 44 | | 24 | | 3 | | 27 | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | Basic and diluted earnings per share attributable to equity holders | | | | | | 0.07 | | | | | | 0.04 Unaudited Condensed Consolidated Income Statement for the nine months ended September 30, 2026 and 2025 | | | | | | | | | | | | | | | | Nine months ended September 30, 2026 | | Nine months ended September 30, 2025 | | Before exceptional items | | Exceptional items | | Total | | Before exceptional items | | Exceptional items | | Total | | $'m | | $'m | | $'m | | $'m | | $'m | | $'m Revenue | | 4,911 | | — | | 4,911 | | 4,151 | | — | | 4,151 Cost of sales | | (4,296) | | (3) | | (4,299) | | (3,606) | | (16) | | (3,622) Gross profit | | 615 | | (3) | | 612 | | 545 | | (16) | | 529 Sales, general and administration expenses | | (236) | | (7) | | (243) | | (213) | | (4) | | (217) Intangible amortization | | (84) | | — | | (84) | | (102) | | — | | (102) Operating profit | | 295 | | (10) | | 285 | | 230 | | (20) | | 210 Net finance (expense)/income | | (180) | | 3 | | (177) | | (171) | | 4 | | (167) Profit before tax | | 115 | | (7) | | 108 | | 59 | | (16) | | 43 Income tax (charge)/credit | | (35) | | 1 | | (34) | | (17) | | 1 | | (16) Profit for the period | | 80 | | (6) | | 74 | | 42 | | (15) | | 27 | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | Basic and diluted earnings per share attributable to equity holders | | | | | | 0.12 | | | | | | 0.02 Unaudited Condensed Consolidated Statement of Financial Position | | | | At September 30, 2026 | | At December 31, 2025 | $'m | | $'m Non-current assets | | | Intangible assets | 1,087 | | 1,181 Property, plant and equipment | 2,403 | | 2,515 Other non-current assets | 148 | | 143 | 3,638 | | 3,839 Current assets | | | Inventories | 580 | | 509 Trade and other receivables | 676 | | 467 Contract assets | 273 | | 267 Income tax receivable | 22 | | 34 Derivative financial instruments | 30 | | 41 Cash, cash equivalents and restricted cash | 213 | | 522 | 1,794 | | 1,840 TOTAL ASSETS | 5,432 | | 5,679 | | | TOTAL EQUITY | (760) | | (675) | | | Non-current liabilities | | | Borrowings including lease obligations | 4,206 | | 4,301 Other non-current liabilities | 316 | | 324 | 4,522 | | 4,625 Current liabilities | | | Borrowings including lease obligations | 111 | | 118 Payables and other current liabilities | 1,559 | | 1,611 | 1,670 | | 1,729 TOTAL LIABILITIES | 6,192 | | 6,354 TOTAL EQUITY and LIABILITIES | 5,432 | | 5,679 Unaudited Condensed Consolidated Statement of Cash Flows | | Three months ended September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | $'m | | $'m | | $'m | | $'m Cash flows from operating activities | | | | | | | | Cash generated from operations (2) | | 196 | | 214 | | 273 | | 257 Net interest paid | | (12) | | (18) | | (122) | | (117) Settlement of foreign currency derivative financial instruments | | — | | (8) | | (8) | | (39) Income tax paid | | (5) | | (7) | | (18) | | (20) Cash flows from operating activities | | 179 | | 181 | | 125 | | 81 | | | | | | | | Cash flows used in investing activities | | | | | | | | Net capital expenditure | | (43) | | (50) | | (138) | | (131) Net cash used in investing activities | | (43) | | (50) | | (138) | | (131) | | | | | | | | Cash flows used in financing activities | | | | | | | | Changes in borrowings | | (20) | | 28 | | 3 | | 22 Deferred debt issue costs paid | | — | | (3) | | (12) | | (6) Lease payments | | (31) | | (31) | | (105) | | (82) Dividends paid | | (60) | | (66) | | (180) | | (198) Net cash used in financing activities | | (111) | | (72) | | (294) | | (264) | | | | | | | | Net increase/(decrease) in cash, cash equivalents and restricted cash | | 25 | | 59 | | (307) | | (314) | | | | | | | | Cash, cash equivalents and restricted cash at beginning of period | | 189 | | 256 | | 522 | | 610 Foreign exchange (losses)/gains on cash, cash equivalents and restricted cash | | (1) | | 2 | | (2) | | 21 Cash, cash equivalents and restricted cash at end of period | | 213 | | 317 | | 213 | | 317 Financial assets and liabilitiesAt September 30, 2026, the Group's net debt and available liquidity was as follows: | | | | | | Drawn amount | | Available liquidity | | $'m | | $'m Senior Secured Green and Senior Green Notes | | 3,996 | | — Global Asset Based Loan facility | | — | | 427 Bradesco facility | | — | | 96 Lease obligations | | 320 | | — Other borrowings | | 27 | | — Total borrowings / undrawn facilities | | 4,343 | | 523 Deferred debt issue costs | | (26) | | — Net borrowings / undrawn facilities | | 4,317 | | 523 Cash, cash equivalents and restricted cash | | (213) | | 213 Derivative financial instruments used to hedge foreign currency and interest rate risk | | — | | — Net debt / available liquidity | | 4,104 | | 736 Reconciliation of profit for the period to Adjusted profit for the period | | | | Three months ended September 30, | 2026 | | 2025 | $'m | | $'m Profit for the period as presented in the income statement | 44 | | 27 Less: Dividend on preferred shares | — | | (6) Profit for the period used in calculating earnings per share | 44 | | 21 Exceptional items, net of tax | (6) | | (3) Intangible amortization, net of tax | 9 | | 27 Adjusted profit for the period | 47 | | 45 | | | Weighted average number of ordinary shares | 597.7 | | 597.7 | | | Earnings per share | 0.07 | | 0.04 | | | Adjusted earnings per share | 0.08 | | 0.08 Reconciliation of profit for the period to Adjusted EBITDA | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | 2026 | | 2025 | | 2026 | | 2025 | $'m | | $'m | | $'m | | $'m Profit for the period | 44 | | 27 | | 74 | | 27 Income tax charge | 17 | | 10 | | 34 | | 16 Net finance expense | 53 | | 50 | | 177 | | 167 Depreciation and amortization | 97 | | 118 | | 337 | | 343 Exceptional operating items | 2 | | 3 | | 10 | | 20 Adjusted EBITDA | 213 | | 208 | | 632 | | 573 Reconciliation of Adjusted EBITDA to Adjusted operating cash flow and Adjusted free cash flow | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | 2026 | | 2025 | | 2026 | | 2025 | $'m | | $'m | | $'m | | $'m Adjusted EBITDA | 213 | | 208 | | 632 | | 573 Movement in working capital | (15) | | 10 | | (347) | | (305) Maintenance capital expenditure | (34) | | (31) | | (100) | | (82) Lease payments | (31) | | (31) | | (105) | | (82) Exceptional restructuring costs paid | (1) | | — | | (2) | | (1) Adjusted operating cash flow | 132 | | 156 | | 78 | | 103 Net interest paid | (12) | | (18) | | (122) | | (117) Settlement of foreign currency derivative financial instruments | — | | (8) | | (8) | | (39) Income tax paid | (5) | | (7) | | (18) | | (20) Adjusted free cash flow - pre Growth Investment capital expenditure | 115 | | 123 | | (70) | | (73) Growth investment capital expenditure | (9) | | (19) | | (38) | | (49) Adjusted free cash flow - post Growth Investment capital expenditure | 106 | | 104 | | (108) | | (122) | | | | | | | | | | | Related Footnotes (1) For a reconciliation to the most comparable IFRS measures, see Page 9. (2) Cash generated from operations for the three months ended September 30, 2026 is derived from the aggregate of Adjusted EBITDA as presented on Page 9, working capital outflows of $15 million (2025: inflows of $10 million) and other exceptional cash outflows of $2 million (2025: outflows of $4 million). Cash generated from operations for the nine months ended September 30, 2026 is derived from the aggregate of Adjusted EBITDA as presented on Page 9, working capital outflows of $347 million (2025: $305 million) and other exceptional cash outflows of $12 million (2025: $11 million). View original content to download multimedia:https://www.prnewswire.com/news-releases/ardagh-metal-packaging-sa--third-quarter-2026-results-302916767.html

Ardagh Metal Packaging S.A. (AMBP) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of +22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Ardagh Metal Packaging, which belongs to the Zacks Containers - Metal and Glass industry, posted revenues of $1.69 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 12.98%. This compares to year-ago revenues of $1.43 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ardagh Metal Packaging shares have added about 12% since the beginning of the year versus the S&P 500's gain of 13.3%. While Ardagh Metal Packaging has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ardagh Metal Packaging was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $1.38 billion in revenues for the coming quarter and $0.27 on $6.1 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Containers - Metal and Glass is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Ball (BALL), is yet to report results for the quarter ended September 2026. The results are expected to be released on November 3. This metal packaging company is expected to post quarterly earnings of $1.06 per share in its upcoming report, which represents a year-over-year change of +3.9%. The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level. Ball's revenues are expected to be $3.74 billion, up 10.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ardagh Metal Packaging S.A. (AMBP) : Free Stock Analysis Report Ball Corporation (BALL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Image source: The Motley Fool. Thursday, Oct. 22, 2026 - Investor Relations - Stephen Lyons - Chief Executive Officer - Oliver Graham - Chief Financial Officer - Stefan Schellinger Operator: Welcome to the Ardagh Metal Packaging S.A. Q3 2026 Investor Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Stephen Lyons, Investor Relations. Please go ahead. Stephen Lyons: Thank you, operator, and welcome, everybody. Thank you for joining today for Ardagh Metal Packaging's Third Quarter 2026 Earnings Call, which follows the earlier publication of AMP's earnings release for the third quarter. I'm joined today by Oliver Graham, AMP's Chief Executive Officer; and Stefan Schellinger, AMP's Chief Financial Officer. Before moving to your questions, we will first provide some introductory remarks around AMP's performance and outlook. AMP's earnings release and related materials for the third quarter can be found on AMP's website at ir.ardaghmetalpackaging.com. Remarks today will include certain forward-looking statements and include use of non-IFRS financial measures. Actual results could vary materially from such statements. Please review the details of AMP's forward-looking statements disclaimer and reconciliation of non-IFRS financial measures to IFRS financial measures in AMP's earnings release. I will now turn the call over to Oliver Graham. Oliver Graham: Thanks, Stephen. We delivered a strong performance in the third quarter with growth in global shipments and adjusted EBITDA ahead of our guidance. Beverage can shipments increased by 2%, driven by strong growth in Europe of 6%, partly offset by a decline of 1% in the Americas, which represented a sequential quarterly improvement, supported by the strength of our customer portfolio. Our adjusted EBITDA outperformance in the quarter reflected good results in both segments. Europe continued to benefit from robust volume growth, and the Americas was supported by a favorable category mix in North America, compensating for the expected volume reductions from the previously discussed contract resets. Beverage can industry demand remains resilient across each of our markets, driven by strength in key categories and continued share gains in the packaging mix. Given this demand strength, we are pleased to announce that we are accelerating and upscaling our previously outlined investments in Europe to capture this growth and to support our customers by building 2 new can lines in existing facilities in the attractive markets of the U.K. and Spain. Before we discuss the quarter in more detail, I'd like to address developments regarding the AMP sale process. On August 13, Ardagh Holdings, AMP's controlling shareholder, announced that advisers have been appointed to prepare for a potential sale of AMP, and this process is ongoing. We will not be taking any questions on the topic on this call. Our focus remains on driving AMP's operational and financial performance. Now looking at AMP's Q3 results by segment. In Europe, third quarter revenue increased by 11% to $693 million or by 12% on a constant currency basis compared with the same period in 2025. This was due to the pass-through of higher input costs and volume growth. Shipments increased by 6% for the quarter, which reflected underlying growth across all categories. We experienced strong growth in carbonated soft drinks and in the energy category, as well across our diverse range of smaller growing categories. Reported beer volumes declined slightly versus the prior year quarter, reflecting certain contract resets at the beginning of the year, while industry beer volumes filled in cans showed good growth in our main markets. Third quarter adjusted EBITDA in Europe increased by 11% to $91 million versus the prior year on both a reported and a constant currency basis. Adjusted EBITDA growth was mainly driven by a higher input cost recovery and strong volume growth, partly offset by the impact of the IFRS 15 contract asset as well as slightly higher operations and overhead costs. Regarding our direct energy exposure in Europe, AMP is well covered for its energy needs. For 2027, we're over 80% hedged, and we're over 70% covered for 2028. From our analysis of beverage industry scanner data by packaging type for the third quarter, we see strong overall beverage consumption trends in key categories as well as a continued share gain for the beverage can in the pack mix, particularly in CSD. For full year 2026, following strong commercial momentum during the summer and with continued robust demand, we expect to at least meet our guidance for approximately 3% volume growth in Europe. Capacity remains tight in the region. And as indicated in my opening remarks, to support our customers' growth and based on their commitments, we have decided to accelerate and upsize the previously announced growth investments in Spain and in the U.K. These investments represent attractive high-return capital deployment opportunities and will drive material adjusted EBITDA growth for AMP in Europe from 2028 onwards. As we are reaching the end of 2026, we will give some preliminary comments about 2027 before our formal guidance at our full year results. In Europe, we expect AMP to show strong volume growth in the range of 3% to 4%, in line with the industry as we go into the remainder of our available capacity. Turning to the Americas. Revenue in the third quarter increased by 25% to approximately $1 million (sic) [ $1 billion ], principally reflecting the pass-through of higher input cost to customers, including the impact of higher metal costs and freight cost pass-through, partly offset by lower shipments. Americas adjusted EBITDA for the quarter decreased by 3% versus the prior year to $122 million as a result of lower volumes, higher operations and overhead costs as well as lower input cost recovery versus the prior year quarter, partly offset by favorable category mix, in particular, strength in specialty can volumes in North America. In North America, shipments for the quarter were down less than 1% versus the prior year. This improved sequential shipments performance versus the first half reflects the strength of our customer portfolio, largely offsetting the expected impact of contract resets. Underlying demand dynamics in the industry remain strong with supportive year-to-date industry scanner data, apart from the beer category to which AMP has only a low single-digit exposure. In particular, the energy category continues to show strong growth, supported by broader distribution and successful innovation. Looking into 2027 in North America, as we have previously guided, we expect a return to shipments growth at least in line with the industry. This reflects our attractive portfolio mix as well as some contractual gains. In Brazil, third quarter beverage can shipments decreased by 5% due to customer mix and a contract reset. This lagged improved industry growth in the quarter, which was driven by a strong performance from the major brewer. We are now entering the busier summer selling season in Brazil, and we anticipate an improved performance with moderate shipments growth in the fourth quarter. In terms of 2027, while we remain confident in the long-term mid-single-digit percentage growth rate for the Brazilian can market, we recognize the volatility of the market in recent years as well as our previously mentioned contractual reset, and we are expecting moderate volume growth for AMP. I'll hand over now to Stefan to talk you through our financial position for the quarter before finishing with some concluding remarks. Stefan Schellinger: Thanks, Ollie, and good morning, good afternoon, everyone. We ended the quarter with a robust liquidity position of $736 million. Net debt over the last 12 months adjusted EBITDA of 5.1x at quarter end compares with 5.2x for prior year's Q3. On a comparable like-for-like basis, pro forma for the Q4 2025 refinancing of the preferred shares, the net leverage ratio has reduced from 5.6x in the prior year quarter as a result of AMP's strong adjusted EBITDA growth. Our guidance for the various free cash flow components for full year 2026 is mostly unchanged, and we approximately expect the following: total CapEx of $240 million, cash interest of $220 million, lease principal repayments of approximately $120 million, cash tax of approximately $30 million and a small outflow in working capital. Ollie already discussed earlier our growth projects for Europe. These 2 investments will lead to an increase of total growth CapEx from $90 million in 2026 to approximately $250 million in 2027 before returning to a more normalized level in 2028. These growth investments represent very attractive capital deployment opportunities, will support AMP's and our customers' continued growth in Europe and will drive adjusted EBITDA growth in 2028 and beyond. Finally, today, we have announced our unchanged quarterly ordinary dividend of $0.10 per share. With that, I'll hand it back to Ollie. Oliver Graham: Thanks, Stefan. Before moving to take your questions, I'll just recap on AMP's performance and key messages. Global volumes increased by 2% and adjusted EBITDA of $213 million in the third quarter exceeded our guidance, reflecting a strong performance in both segments. Reflecting our strong performance, we're upgrading our guidance range for 2026 full year adjusted EBITDA to be between $785 million and $795 million. Our Q4 guidance reflects current FX rates, some inflation headwinds and the quarter also lapped strong prior year shipments growth of 4%. While not giving specific guidance for 2027, as we sit here today, the year is shaping up for a stronger global volume performance, led by a return to at least industry growth in North America volumes and continued strong European performance despite some weakness in Brazil. In terms of profitability, we are operating in a more inflationary environment, but given our robust pass-through mechanisms and our continued focus on operational improvements, together with our positive outlook for volume growth, we still expect to show moderate year-over-year adjusted EBITDA growth at constant currency. Having made these opening remarks, we'll now proceed to take any questions that you may have. Operator: [Operator Instructions] And we'll go to our first question from Arun Viswanathan with RBC Capital Markets. Arun Viswanathan: I guess I just wanted to get your thoughts on maybe 2 things. So first off, on the volume outlook. I was just curious if you guys are -- you noted some strength in many of your categories. Maybe you can just broadly comment on in the Americas, where you're seeing strength, obviously, in energy and sparkling water. But do you expect that to continue, I guess, especially in the face of increasing inflation, do your beverage customers -- do you get the sense that they're still pushing volume and promotions? Or is there a possibility that you could see some increased prices and that would impact demand? Oliver Graham: Yes. No, I mean, I think we already have inflation in the system, and we're not seeing any particular negative impact. So I think our impression is that off-trade volumes, obviously, to some extent, do better in inflationary times because consumers pull out of -- out-of-home consumption and pull back more into the off-trade. The can is a very efficient vehicle for transporting and selling beverages. So it's very good if you want to promote. Promotional activity looks normal. So much stronger than it was in the COVID years. And so it's returned to more normal levels. And I think we're seeing strength, as we mentioned in the remarks, particularly in the energy sector in cans. So still well north of mid-single digits, but also good strength in CSD, which is a much bigger category. So also very positive for the can and reflecting pack mix change and also certain segments of CSD growing well. Sparkling waters has been a bit up and down. But overall, if you look back over the last few years, definitely a very positive category for the can. And then you have all the new drinks, the sort of healthy wellness drinks, the gut health drinks also in really strong growth. So yes, the only negative, if you look at North America is really beer in cans, which has been weak for a number of years now. And as we said in the remarks, we have a very low exposure to that category. So if you look at our portfolio, it's got good growth, good innovation still coming to the category. And then Brazil, we're talking Americas, it's really still mostly beer. You have good growth in CSD and increasingly in energy drinks, but off a much smaller base. But the good news for Q3, we didn't fully participate in this, but the good news for Q3 is I think we had something like 7% growth in beer in cans, so much better, which puts a year-to-date number of 3.5% for the industry in cans. So that's a very good number back more to where we'd expect after a relatively weaker first half. So yes, I think as we look across the world, but you asked about the Americas, I think we don't see any particular headwinds from the inflationary environment. We see a lot of positivity around can growth. Arun Viswanathan: Okay. And if I could just ask a follow-up. I know that you're not really commenting on the sale process, but I just wanted to ask a question about some of the capacity that you have. It sounds like you are in plans of expanding your capacity. Would that be affected at all by any of the process that you're taking? And I guess, related, is there a possibility that your network could be split up and kind of owned different -- by different parties? Or is it likely that it will remain in one piece? Oliver Graham: Yes. Look, as we said, we're not commenting on it. I think AMP is a very strong global competitor with strength in all 3 regions, and there are strong advantages to being a global competitor in the can industry as we can see from who survives and grows, but we're not commenting on the process. The capacity plans are completely independent of the process. So we're operating as an independent company with a controlling shareholder. That's how we have to keep operating at the moment. And those capacity plans are, yes, as I say, completely independent of the process. Operator: [Operator Instructions] We move next to Matt Roberts with Raymond James. Matthew Roberts: On Brazil, I think it was still down, peers saw increases. It sounds like market was up. Any considerations by customer in 3Q? Or was that really due to that customer reset? And on the Brazil volume outlook for '27 being a little bit lower than that long-term grade -- reset versus general customer demand... Oliver Graham: Yes, Matt, you broke up a bit, but I think we got the point, which is it's about Brazil and the general customer situation versus the contract reset. So most of this is about the contract reset. We have puts and takes with other customers, but we'd be up at or around or above even up market growth without the reset. So I think, yes, the majority of the guidance we're giving you and the explanations we're giving you for 2026 and for 2027 are linked to that. As we said, there was a very encouraging return to growth in Q3 in Brazil. We said it in the remarks. We strongly believe it's a long-term, very positive growth market for the can. There's still very good fundamentals with the switch from 2-way glass to single-use packaging, of which can is the main packaging in Brazil. So yes, market is still very good. Ups and downs with our customer base generally. But yes, most of the impact you're seeing on our guidance and explanations for '26 and '27 is that reset. Matthew Roberts: Hope I'm a little bit clear now, but -- maybe one other on inflation, more so on the cost side, how that tracked versus the expectations you had in July? Any variances between U.S. and Europe there or incremental impact to 4Q or spillover into 2027? Oliver Graham: Yes, I'll start and then obviously, Stefan add if there's anything I missed. I think slightly more negative than at our Q2 just because I think at that point, oil price had dropped. There seem to be a high likelihood of a resolution to the situation in the Middle East, whereas now obviously, seems to be very frozen in terms of improvement. So yes, slightly more headwind we see going into Q4 probably and into '27, with the majority of the impact probably more European, though I think ODMs is the big category, the direct materials. We've called that out before in terms of coatings being a part of our cost structure that's most linked to oil price. So yes, that's probably the high-level view. I don't know, Stefan, if you'd add anything to that. Stefan Schellinger: Yes. So there's a little bit on the freight side, but we have a very good recovery here and pass-through mechanisms -- there's also a little bit on the energy side, probably more so in Europe. But then again, there's the pass-through side of things, plus we have a hedging policy and are significantly covered for the year 2027 and beyond. So I think net-net, I think these are probably the key items to call out. Operator: We'll take our next question from Josh Spector with UBS. Joshua Spector: I had some similar questions on cost. So it might be a little bit redundant. But I guess, near term, if I look at your -- how you talked about fourth quarter, I think your volumes you're talking about up a couple of percent-ish overall. Your EBITDA guidance down about 4% to 5% at the midpoint versus you were up a couple of percent on a couple of percent volume in 2Q. So is that incremental inflation in fourth quarter? Is there something else going on in terms of some lead lag items that we should be considering? Oliver Graham: Yes. Again, I'll kick it off and Stefan can add if necessary. But so look, I think we did say we're lapping a very strong Q4 last year. I think we had 8% growth in North America with good mix and 4% overall. But it's also true that there is some volume growth in Q4 for us. So I think there's some FX headwinds as we see, obviously, the dollar strengthening a little bit relative to the euro. There are some timing effects. We called out, I think, in our Q2 results that we had some impact in the first half of the year that would reverse out in the second half around metal timings and some freight hedge timings. And then there is the inflationary headwinds that we just talked about, which is really around the coatings, which is probably the key factor. So yes, those are the main elements. Obviously, at the top end of the guidance, we're more or less flat year-on-year, midpoint, a few million off. So it's not anything dramatic, but those are the 2 or 3 headwinds, I think. Stefan is nodding, so I think we're okay. Joshua Spector: How much are coatings as a percentage of your COGS? I'm surprised that you and your peers as well are kind of citing that as a surprise factor here. I didn't think it was that big, but it must be. Can you provide any range? Oliver Graham: It's in the single digits. But when the oil price spikes like this, it's very meaningful, and we do buy a lot of them. So yes, I think it's just that they are products with pass-through in year. We then catch up with our PPI and other pass-through mechanisms over the year-end. So we see them more in year than other COGS categories. And as I said, it's been a very material step-up in the underlying cost base for them. But yes, so -- and we're not talking huge numbers, but certainly relevant enough to be a headwind for Q4 and going into '27. Operator: We turn next to Nicholas Sherwood with Bank of America. Nicholas Sherwood: Asking for George Staphos. So now that you've been in this higher inflation, higher oil price environment for a couple of months now, where are you seeing areas where you can find those incremental savings and mitigate inflation through the end of the year and the beginning of the year? Oliver Graham: I mean, look, we're always working on productivity and efficiency. It's just the nature of the industry. So there's lots of areas we look. We lightweight the can, reduce metal. We have every year very stretched targets on the plants for reducing spoilage and running more efficiently and using capacity more effectively. We look in every corner of our SG&A. We have very significant programs around that every year. And then obviously, we have a very active procurement function looking at saving on the input cost. So all of the above is the answer every time. And that's just the nature of the beast. It's that kind of industry. And if you're not doing that every year, to a significant extent, you fall behind the industry and then your pricing gets out of line. So yes, I don't see there's anything particularly new in what we're doing. Obviously, we're in very engaged conversations with the suppliers involved about how we face some of those price increases and manage those over time. But there's no particular magic to this. It's just a significant unexpected rise in cost within the year. And then as I said, what we'll see over the next few months is our pass-throughs kicking in, in terms of our year-end, they go into the next year in terms of our customer pricing. And so that will start to mitigate some of these impacts. But nevertheless, we still see some impact of that in 2027 relative to our original expectations. Nicholas Sherwood: Okay. And then my second question is, is there anything notable that you've seen in the early volume trends for the fourth quarter and the beginning of 2027, if you have any visibility into that? Oliver Graham: I think they're all good. I mean I really think the beverage can industry is in a strong position at the moment. And despite the macro environment, to the points I made at the top of the call, we're not seeing that impact on the industry volumes or our volumes. So Europe, I think volume growth is really strong. And 6% in Q3, if you go back 10 years, we'd have all died for these numbers, and our peers are reporting very similar numbers. They've been ahead of us in some quarters. We're ahead this quarter. European can growth is really benefiting, I think, in the pack mix. And also, we're seeing much more innovation in soft drinks, in particular, going into the can. And then North America, bigger market, but still growing overall, despite the drag on the beer category, we still see growth and particularly, again, in soft drinks, energy drinks and the new drinks. And despite the inflationary environment we see in North America and Brazil, as I said, we're now after what was a pretty tough first half. We're at 3.5% year-to-date, 7% in the quarter. And we're going into the summer season. And we don't see anything different for 2027, to be honest. I mean we had a very tight summer in Europe on key sizes, lots of issues fulfilling demand, not just us, the whole industry. That's why we've talked about upscaling and accelerating our investments because we're conscious that we're not supporting our customers' growth to the extent they need. And again, that's because they're putting a lot more innovation and product into cans. North America, certainly see very positive trends into next year. Again, a lot of innovation going into cans, a lot of new products coming. And Brazil, I think it's very up and down at the moment. We called that out. But again, it's just a very long-term fundamental shift of filling from 2-way glass into cans. So I think the industry is in a really good place. I think we're well positioned to take advantage of that growth with the strength of our customer relationships, the commitments they're making, and that's why we're investing more in 2027 to capture that growth. So yes, all good, I think, is the short answer to the question. Operator: We'll go next to Michael Roxland with Truist Securities. Niccolo Piccini: This is Nico on for Mike. Just starting out, can you help us understand maybe the competitive backdrop with yourself and your peers adding capacity by region, but also projecting strong demand. Do you think that the current capacity expansion plans are enough to fully capture your demand expectations? And then with that tight capacity, could that incentivize maybe new entrants into the market in the next few years? Oliver Graham: Yes. No. Yes, good question, Mike. I mean, I think Europe, we're all struggling to follow the demand is my impression. Again, I think we had, as an industry, a tough summer. Operationally, there were challenges for everybody, I think, with some of the transitions on coatings and particularly weather effects. But nevertheless, I think the capacity just wasn't there for the scale of demand. And we've seen announcements by ourselves and our peers. But I think with the sort of level of growth we're getting and the scale that the European market has reached, we're going to stay in a tight situation, would be my prediction for the next at least 2, 3 years while we all recognize it and respond to it. I don't personally see a big threat from new entrants. I think there was -- a lot of new entrants tried that during the COVID period and pretty much all gone. I think this is an industry with scale where you need scale. I talked about it. I think being a global competitor is a significant advantage in this industry, the scale at every level. And so yes, I mean, maybe, but I don't see that as a particular threat to our growth or our profitability. Yes, and I'd make the same comments, North America and Brazil. I think North America is starting to feel tight on key sizes in key -- some key geographies. At the moment, we've got some capacity to grow into with the contract resets we had this year. So we're okay for the moment. But I think the industry as a whole is definitely tightening up. And Brazil, it will come. We have some capacity. We've talked about it, particularly in the Northeast. But again, capacity is coming into the market to respond to geographical demand and all of that's very positive for the industry and helps also keep the industry in a good spot from a profitability point of view. So I don't see new entrants at the moment, and I don't see them having any material impact on the main players. Niccolo Piccini: Understood. And then just a quick follow-up would be on debt levels and your ability or need to refinance maturities that are coming due in the next couple of years. What might that do, I guess, to interest expense in 2027, if you thought about it yet? Oliver Graham: No, we're obviously always thinking about our financing situation. And as you say, there are maturities coming up. So yes, we're very much reviewing that situation. I don't think we've got anything to update today, but... Stefan Schellinger: No, obviously, our '28 maturities are the next sort of in line. As you would expect, we are proactively thinking about this. Clearly, there will be some incremental, if and when we refinance, it will be at a higher cost given where markets are today. But then again, it will be a function of when and then what market we're going to basically tap. So yes, more to come, I think, in that regard. Operator: [Operator Instructions] And we'll go next to Anthony Pettinari with Citi. Anthony Pettinari: I was disconnected earlier, so I apologize if this was already asked. But just as you look to '27 after kind of a transition year this year and you think about percentage of contracts up for renewal or major contracts up for renewal, is that across the 3 regions, is that sort of an above average or below average year for contract turnover? Just how should we think about that after a transition year? Oliver Graham: Yes. Anthony, I think definitely below average. So I think North America, in particular, we went through those big contract resets in '24, '25 -- and as you say, that had some impact on '26. It also has some positive impact on 2027 and so we've also called out where we've talked about growing at least in line with the industry. And actually, we would definitely hope to grow above based on those resets. And then I think similarly in South America, similar story. I think it's a below average year. And also, I think the European situation is definitely shifting a bit where with the investments that are coming in, I think understandably, customers are keen to contract and secure volumes, and we're keen, obviously, to secure volumes for those investments and so are our peers. So yes, it looks like at the minute, we're getting to a pretty contracted spot for 2027 and 2028 and beyond actually. So I think the short answer to the question is these look like below average years for the -- certainly the next 12 to 18, 24 months. Anthony Pettinari: Great. Great. That's very helpful. And then just maybe one last one. It seems like bev cans are certainly gaining share on glass in North America and Europe. I'm just wondering, Brazil is maybe a little bit of a unique market in terms of their glass float. I'm just wondering if you could talk about the substitution dynamic that you're seeing or not seeing in Brazil. Just curious there. Oliver Graham: Yes. I think it's a long-term dynamic. So obviously, the major brewer was the main determinant of that dynamic for a long time because they controlled the 2-way glass float and the position there. So depending where they wanted to push volumes into glass or 2-way glass or into cans, they could shift the market. And obviously, from that, the [ turn is ] sort of 2019 onwards, they really shifted into the off-trade to avoid losing any more share. And then, yes, had a blip. We had a blip, I think, '22, '23 with very high metal prices where they pushed a bit more back into glass, but that was very temporary. And if we look at Q3, they've clearly pushed hard on metal again and the off-trade, which is the natural trend that you have in every market as they develop, the off-trade develops, you get mass supermarkets, big trade and you get promotions in cans and obviously, cheaper beer attracts consumers and that puts pressure on the on-trade. So yes, I think that long-term trend of 2-way glass into one-way cans is fully intact and has got quite a long way to run in Brazil, which is why we feel so confident about the market and why we talk about a long-term mid-single-digit growth rate for that market. Operator: This concludes our question-and-answer session. I'll turn the floor to Oliver Graham for any closing remarks. Oliver Graham: Thanks, Linda. And yes, thanks to everybody on the call. So I think just to summarize, strong performance in the third quarter, growth in global shipments and adjusted EBITDA ahead of our guidance and reflecting that strong performance, we're upgrading our '26 full year adjusted EBITDA guidance to between $785 million and $795 million. And with that, we look forward to talking to you again at our Q4 results. Operator: This concludes today's conference. We thank you for your participation. You may disconnect at this time. Before you buy stock in Ardagh Metal Packaging, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ardagh Metal Packaging wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. - Global shipment growth of 2% was driven by a robust 6% increase in Europe, offsetting a 1% decline in the Americas resulting from planned contract resets. - Adjusted EBITDA outperformance was supported by favorable category mix in North America, specifically strength in specialty cans, and robust volume growth in Europe. - Management attributes European volume strength to carbonated soft drinks and energy categories, which are successfully gaining share in the overall packaging mix. - The Americas segment experienced a sequential improvement in shipments, reflecting a resilient customer portfolio that largely mitigated the impact of historical contract transitions. - In Brazil, a 5% shipment decline was characterized as a temporary lag behind industry growth due to specific customer mix and contract resets, rather than a market downturn. - Capacity remains tight across the European region, prompting a strategic decision to accelerate and upscale investments in the U.K. and Spain to capture unmet demand. - Management expects 2027 to deliver stronger global volume performance, led by a return to at least industry-level growth in North America and continued European momentum. - European growth investments are projected to increase total growth CapEx from $90 million in 2026 to approximately $250 million in 2027, targeting material EBITDA contributions by 2028. - Preliminary 2027 guidance for Europe anticipates volume growth between 3% and 4% as the company utilizes remaining available capacity in a tight market. - Profitability outlook for 2027 assumes moderate year-over-year adjusted EBITDA growth at constant currency, supported by robust pass-through mechanisms to offset inflationary headwinds. - Energy needs are significantly de-risked through 2028, with over 80% of 2027 requirements and over 70% of 2028 requirements already hedged. - A potential sale of the company is currently being explored by the controlling shareholder, though management declined to provide specific details or timelines regarding the process. - Inflationary headwinds in coatings and direct materials, linked to oil price volatility, are expected to impact Q4 2026 and carry into early 2027. - The company maintains a robust liquidity position of $736 million, with a net leverage ratio that has improved to 5.1x from 5.6x on a pro forma basis year-over-year. - Management flagged the upcoming 2028 debt maturities as a focus area, noting that future refinancing will likely occur at higher interest rates given current market conditions. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management stated that inflation has not negatively impacted demand, as consumers often shift from out-of-home consumption to more efficient off-trade options like cans. - Promotional activity has returned to normal levels compared to the COVID years, supporting volume stability in core categories like carbonated soft drinks. - Management views the threat of new entrants as low, noting that many who attempted entry during the COVID period have exited due to the industry's high scale requirements. - The industry is currently characterized by tight capacity, particularly in Europe, where players are struggling to keep pace with rapid demand growth. - The upcoming period is expected to be a below-average year for contract turnover, providing better volume stability following the major resets of 2024-2025. - In Europe, customers are increasingly seeking long-term contracts to secure volume in a supply-constrained environment. - The long-term trend of switching from two-way glass to one-way cans remains intact, driven by the expansion of the off-trade and supermarket promotions. - Management remains confident in a mid-single-digit long-term growth rate for the Brazilian market despite recent volatility.

LUXEMBOURG, Oct. 22, 2026 /PRNewswire/ -- Ardagh Group S.A. today announced results for the third quarter ended September 30, 2026. Third Quarter 2026 highlights: - Third Quarter 2026 Adjusted EBITDA of $392 million, broadly unchanged versus the prior year - Last Twelve Months (LTM) Adjusted EBITDA of $1,466 million, +9% annual growth - Cash and available liquidity of $1,470 million at September 30, 2026 Mark Porto, Executive Chairman of Ardagh Group, said: "Ardagh Group delivered a resilient performance for the third quarter, with Adjusted EBITDA broadly in line with the prior year quarter, despite the more challenging macro-economic environment. Performance for Ardagh Metal Packaging (AMP) included Adjusted EBITDA growth slightly ahead of guidance, and growth in global beverage can shipments. Performance in Ardagh Glass Packaging (AGP) was in line with our previously lowered expectations - following the disruption in global energy markets – with lower Adjusted EBITDA versus the prior year quarter, reflecting inflationary pressures and challenging glass operating conditions. AMP has moderately upgraded its full year 2026 Adjusted EBITDA guidance range and has indicated plans to accelerate its growth investments in Europe, reflecting strong customer demand. AGP is pleased to be able to maintain its full year 2026 Adjusted EBITDA guidance, with no additional downgrade despite persistently high energy prices, which is testament to our energy hedging strategy. However, glass demand conditions remain subdued and well below historic levels, particularly so in Northern Europe. In response to which we are considering further action to address excess capacity with the possible closure of two additional furnaces, in addition to actions already taken in Germany, which is consistent with our Clearly Ardagh glass turnaround strategy." Ardagh Group Adjusted EBITDA of $392 million for the quarter was broadly in line with the prior year quarter on a reported basis, and down 2% on a constant currency basis. This was driven by growth of 2%, on both a reported and constant currency basis, in AMP to $213 million, partly offset by a decline of 4% (-6% at constant currency) in AGP to $179 million. AMP global shipments increased by 2% in the quarter versus the prior year quarter, due to growth of 6% in Europe, partly offset by a 1% decrease in the Americas – reflecting a 1% decline in North America and a 5% decline in Brazil. AGP global shipments declined by 1% in the quarter versus the prior year quarter, due to a 6% decline in North America, partly offset by an increase of over 1% in Europe & Africa shipments – reflecting growth of 1% in Europe and an increase of 2% in Africa. AGP is reviewing capacity across its glass manufacturing facilities in Europe, in response to challenging market conditions which have resulted in reduced customer demand and surplus production capacity. Following careful consideration, AGP is proposing to close a furnace at its Holmegaard facility in Denmark and a furnace at its Knottingley facility in the UK. AGP is currently engaging in discussions on these proposals with the management teams and local employee representatives across both of these locations. Ongoing supply will not be affected by these proposals, as customers will continue to be served from available capacity across other facilities. Ardagh Group ended the quarter with consolidated cash and available liquidity of $1,470 million at September 30, 2026, of which $734 million is held in ARGID Group (ARGID) – which refers to Ardagh Group S.A. and certain of its subsidiaries – includes the glass packaging operations but excludes AMP. On July 28, 2026, Ardagh Group announced the results of its Excess Proceeds Offer, following which approximately $90.4 million, arising from the redemption of the AMP preferred shares in December 2025, was applied towards the purchase of first lien senior secured notes and second lien senior secured notes. Ardagh Group net debt to Adjusted EBITDA reduced to 6.0x at September 30, 2026, down from 7.8x at the end of the prior year quarter (prior to the impact of the recapitalization). ARGID net debt to Adjusted EBITDA was 5.5x at September 30, 2026. On October 15, 2026, a summary judge of the district court of Luxembourg withdrew an order against Ardagh Holdings S.A. that, prior to its withdrawal, had prohibited it from proceeding with the sale of all or part of its interests in Ardagh Metal Packaging S.A. Following the withdrawal, Ardagh Holdings S.A. has now re-engaged with its advisers to prepare for a potential sale of Ardagh Metal Packaging S.A., as outlined in its press release dated August 13, 2026 – please refer to https://ir.ardaghgroup.com/news-events/press-releases for additional information. On October 19, 2026, following the decision of Ontario Teachers' Pension Plan to sell its majority stake in Trivium Packaging B.V. ("Trivium") to Silgan Holdings Inc. ("Silgan") and funds affiliated with American Industrial Partners ("AIP"), Ardagh Group, as minority joint venture partner, announced it has entered into an agreement to sell its entire ~42% stake in Trivium. The transaction values Trivium at approximately $3.4 billion. The proposed sale is expected to close in mid-2027 and is subject to required regulatory approvals, completion of applicable works council consultation processes, and satisfaction of other customary closing conditions. The transaction is expected to result in estimated net cash proceeds to Ardagh Group of approximately $90 million, which are expected to be used towards reinvestment in the business or deleveraging. A copy of the third quarter 2026 interim report be found at: https://ir.ardaghgroup.com/financial-results About Ardagh Group Ardagh Holdings S.A. is the ultimate parent company of Ardagh Group, which is a global supplier of infinitely recyclable metal beverage and glass container packaging for brand owners around the world. Ardagh Group operates 58 metal and glass production facilities in 16 countries, employing approximately 19,000 people with sales of approximately $9.6 billion. For more information, visit https://ir.ardaghgroup.com/ Earnings Webcast and Conference Call Details Ardagh Group S.A. will hold its third quarter 2026 earnings webcast and conference call for investors at 11.00 a.m. EDT (4.00 p.m. BST) on Thursday October 22, 2026. Please use the following webcast link to register for this call: Webcast registration and access: https://event.webcasts.com/starthere.jsp?ei=1777078&tp_key=54c16c3d0f Conference call dial in: United States/Canada: +1 646-769-9200 International: +44 (0)20 7769 6464 Participant pin code: 5992209 Disclaimer This release presents Adjusted EBITDA and net debt to Adjusted EBITDA, which are not defined under IFRS Accounting Standards. Adjusted EBITDA consists of profit/(loss) for the period before income tax charge/(credit), net finance expense, depreciation and amortization, exceptional operating items and share of profit or loss in equity accounted joint venture. We use Adjusted EBITDA to evaluate and assess our segment performance. Adjusted EBITDA is presented because we believe that it is frequently used by securities analysts, investors and other interested parties in evaluating companies in the packaging industry. However, other companies may calculate Adjusted EBITDA in a manner different from ours. Adjusted EBITDA and net debt to Adjusted EBITDA are not measures of financial performance under IFRS Accounting Standards and should not be considered an alternative to profit/(loss) as indicators of operating performance or any other measures of performance derived in accordance with IFRS Accounting Standards. This release may include "forward-looking statements," including certain statements, estimates, targets and projections provided by Ardagh Group S.A. with respect to its anticipated future performance, financial condition, plans, objectives and business outlook. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "could," "estimates," "anticipates," "aims," "expects," "intends," "may," "will," "plans," "continue," "potential," "predict," "project," "target," "seek," "should," or "would," or, in each case, their negative or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Such forward-looking statements are not guarantees of future performance. You should not place undue reliance on these statements. They reflect significant assumptions and subjective judgments by management, which may or may not prove to be correct, and there can be no assurance that any estimates, targets or projections are attainable or will be realized. Neither Ardagh Group S.A., nor any of its affiliates or directors, partners, employees or advisers, accepts any responsibility for the accuracy or completeness of such statements or assumes any obligation to update or revise them to reflect changes in expectations or events, conditions or circumstances on which such statements are based. View original content to download multimedia:https://www.prnewswire.com/news-releases/ardagh-group-sa--third-quarter-2026-results-302916108.html

- Interested in Ardagh Metal Packaging S.A.? Here are five stocks we like better. - Ardagh Metal Packaging exceeded Q3 guidance, with global beverage-can shipments up 2% and adjusted EBITDA of $213 million. The company raised its 2026 adjusted EBITDA outlook to $785 million–$795 million. - Europe led operating performance, as shipments rose 6% and adjusted EBITDA increased 11% to $91 million. AMP plans to add can lines in the U.K. and Spain, lifting 2027 growth capital expenditure to approximately $250 million. - The Americas faced pressure from contract resets and higher costs, although favorable North American specialty-can volumes provided support. Management expects inflation and other factors to weigh on fourth-quarter profitability, while maintaining its $0.10 quarterly dividend and targeting moderate EBITDA growth in 2027. Ardagh Metal Packaging (NYSE:AMBP) reported third-quarter results that exceeded its guidance, supported by shipment growth in Europe, favorable category mix in North America and resilient demand for beverage cans across major markets. Chief Executive Officer Oliver Graham said global beverage can shipments rose 2% in the quarter, while adjusted EBITDA reached $213 million. European shipments increased 6%, offsetting a decline of less than 1% in the Americas. The company raised its full-year 2026 adjusted EBITDA outlook to a range of $785 million to $795 million. → Aurora Rejects Curaleaf's Higher Bid, But the Takeover Fight Isn't Over Graham said the company's controlling shareholder, Ardagh Holdings, continues to pursue a potential sale process for AMP after appointing advisers in August. He said the company would not take questions on the process and that its capacity-expansion plans would proceed independently. European revenue rose 11% to $693 million, or 12% on a constant-currency basis, driven by higher input-cost pass-throughs and volume growth. Shipments increased 6%, with growth across categories including carbonated soft drinks, energy drinks and smaller emerging categories. → Could Quantinuum's Breakthrough Make Its Sell-Off a Bargain? Reported beer volumes in Europe declined slightly because of contract resets implemented at the beginning of the year, although Graham said industry beer volumes filled in cans grew in the company's main markets. European adjusted EBITDA increased 11% to $91 million. The improvement was driven by input-cost recovery and shipment growth, partly offset by the impact of an IFRS 15 contract asset and somewhat higher operating and overhead costs. → IonQ's Bold Expansion Could Leave Shareholders Paying the Price The company said it expects to at least meet its prior expectation for approximately 3% European volume growth for the full year. Looking ahead to 2027, AMP expects European shipment growth of 3% to 4% as it utilizes its remaining capacity. To address tight regional capacity and customer demand, AMP plans to accelerate and expand previously disclosed investments by adding two can lines at existing facilities in the United Kingdom and Spain. Chief Financial Officer Stefan Schellinger said total growth capital expenditures are expected to rise from $90 million in 2026 to approximately $250 million in 2027 before returning to a more normalized level in 2028. The company expects the projects to support adjusted EBITDA growth beginning in 2028. Revenue in the Americas rose 25% to approximately $1 billion, primarily due to the pass-through of higher metal and freight costs. However, segment adjusted EBITDA declined 3% to $122 million, reflecting lower volumes, higher operating and overhead expenses, and lower input-cost recovery compared with the prior-year period. North American shipments were down less than 1% year over year, an improvement from the first half as the company's customer portfolio largely offset the impact of previously discussed contract resets. Favorable category mix, particularly strength in specialty-can volumes, provided partial support for profitability. Graham said demand remains particularly strong in energy drinks, supported by wider distribution and product innovation. Carbonated soft drinks, sparkling water and newer wellness-oriented beverages also remain positive categories for cans, he said. AMP has low-single-digit exposure to beer in North America, where can demand has remained weak. In Brazil, shipments fell 5% because of customer mix and a contract reset, despite improved industry growth in the quarter. Graham said the company expects moderate shipment growth in the fourth quarter as the summer selling season begins. For 2027, AMP expects moderate growth in Brazil, while maintaining its view that the country's can market can grow at a mid-single-digit rate over the long term. Management said inflationary pressures have increased somewhat since the second quarter, particularly in coatings linked to oil prices. Graham said coatings represent a single-digit percentage of cost of goods sold but can become meaningful when oil prices rise sharply. Freight and energy costs also remain considerations, though the company cited pass-through mechanisms and energy hedging. AMP said it is more than 80% hedged for European energy needs in 2027 and more than 70% covered for 2028. The company expects inflation, foreign-exchange effects, timing-related metal and freight items, and comparison with strong prior-year shipment growth to weigh on fourth-quarter profitability. - Total 2026 capital expenditures are expected to be about $240 million. - Cash interest is forecast at approximately $220 million. - Lease principal repayments are projected at about $120 million. - Cash taxes are expected to total approximately $30 million. - The company expects a small working-capital outflow for the year. Schellinger said AMP ended the quarter with $736 million of liquidity. Net debt to last-12-month adjusted EBITDA was 5.1 times, compared with 5.2 times a year earlier. On a comparable basis that reflects the fourth-quarter 2025 refinancing of preferred shares, leverage declined from 5.6 times, which the company attributed to adjusted EBITDA growth. AMP also declared an unchanged quarterly ordinary dividend of $0.10 per share. For 2027, management said it expects moderate year-over-year adjusted EBITDA growth at constant currency, supported by volume gains, operational improvements and cost pass-through mechanisms, despite a more inflationary environment. Ardagh Metal Packaging SA (NYSE: AMBP) is a global manufacturer of beverage cans and related metal packaging. The company produces aluminum and steel cans, ends and other components used for beer, soft drinks, energy drinks, sparkling water, juices and other beverages. Its products are supplied to major beverage companies, regional brands and contract manufacturers. The company operates production and design facilities across Europe, North America and South America, including Brazil. Its packaging is designed to support brand presentation, product protection and efficient distribution, while metal cans can be recycled repeatedly without losing their basic properties. Ardagh Metal Packaging became a separately listed public company in 2021 through a business combination involving Ardagh Group's metal packaging business and Gores Holdings V. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "What Ardagh Metal Packaging (AMBP) Said on Its Q3 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.