Ardagh Metal Packaging S.A. - AMBP STOCK NEWS

On April 27, 2023, Ardagh Metal Packaging (NYSE: AMBP) announced its financial results for Q1 2023. The company reported a revenue of $1,131 million, down 1% from $1,137 million in Q1 2022, but up 2% on a constant currency basis. Adjusted EBITDA decreased by 10% to $130 million from $145 million year-over-year, impacted by higher operating costs and volume/mix effects. In the Americas, revenue rose by 1% to $645 million, while European revenue fell by 3% to $486 million. The company reported a loss of $1 million in the period compared to a profit of $57 million last year. Total liquidity stood at $495 million, and a regular dividend of $0.10 per share was maintained, supporting a projected annual dividend of $0.40. Future guidance remains optimistic, including expected shipment growth in 2023.

Ardagh Metal Packaging S.A. (NYSE: AMBP) has declared a quarterly cash dividend of $0.10 per ordinary share, set to be paid on June 28, 2023. Shareholders on record as of June 14, 2023 will be eligible for this dividend. The company's robust position in the metal beverage can market is underscored by its $4.7 billion sales in 2022. As a leading global supplier, Ardagh operates 24 production facilities across nine countries, employing over 6,300 individuals. This dividend declaration reflects the company’s ongoing commitment to shareholder returns, amidst its focus on sustainable packaging solutions.

On February 27, 2023, Ardagh Metal Packaging (NYSE:AMBP) announced the acquisition of a majority stake in NOMOQ, a digital can printing innovator based in Switzerland. NOMOQ offers customizable beverage cans with no minimum order quantities, enhancing flexibility for both emerging and established beverage brands. This acquisition follows AMP's earlier investment in Hart Print, aiming to expand its digital printing capabilities in Europe. With a focus on sustainability and creative packaging, AMP aims to enhance brand-building opportunities for its customers in the growing canned beverage market.

Ardagh Metal Packaging S.A. (NYSE: AMBP) has announced a cash dividend of $0.10 per ordinary share for the first quarter. This dividend is payable on March 28, 2023, to shareholders of record as of March 14, 2023. The company, a major supplier of sustainable metal beverage cans, reported sales of $4.7 billion in 2022 and has 24 production facilities across nine countries. The board's decision reflects the company's commitment to returning value to shareholders amidst its ongoing operations in the market.

Ardagh Metal Packaging S.A. (AMBP) reported fourth quarter 2022 revenue of $1,076 million, a 1% decline from Q4 2021, but a 5% increase in constant currency. Full year revenue rose 16% to $4,689 million. Profit for the quarter decreased to $12 million from $16 million. Adjusted EBITDA fell 4% to $159 million, with a full year total of $625 million, down 6%. The company experienced 5% shipment growth in 2022, with Americas revenue up 23%. CEO Oliver Graham highlighted actions to drive double-digit earnings growth in 2023, supported by completed investments. The first quarter dividend is set at 10 cents per share, aligning with annual guidance of 40 cents.

Ardagh Metal Packaging (NYSE: AMBP) CEO Oliver Graham will participate in a fireside chat at the Bank of America Securities 2023 Global Agriculture and Materials Conference on March 1, 2023, in Fort Lauderdale, Florida. The event is scheduled for 7:30 a.m. ET, and a live webcast will be available. A replay will also be accessible for a limited time afterward. Ardagh Metal Packaging is recognized as a leading global supplier of sustainable metal beverage cans, with revenues of $4.1 billion in 2021 and over 5,000 employees across 24 production facilities in the Americas and Europe.

Ardagh Metal Packaging North America (AMBP) has launched a new 19.2 oz. (568ml) aluminum beverage can, enhancing its product line to cater to a growing demand in the single-serve market. This innovation, produced at the new Huron, OH facility, offers a size between traditional 16 oz. and 24 oz. cans, targeting the beer, cider, hard seltzer, and water categories. With strong sustainability metrics, including high recycling rates, the new can is designed to help brands differentiate their products on retail shelves. The launch reflects AMBP's commitment to sustainability and customer support.

Ardagh Metal Packaging (AMBP) received a notable sustainability rating from CDP, achieving an A- for water management and a B for climate change in its first independent evaluation. This recognition underscores AMP's commitment to sustainability, focusing on reducing emissions, waste, and water usage. The company benefits from the environmental advantages of infinitely recyclable beverage cans, emphasizing its role in the circular economy with a quick recycling turnaround. With over 5,000 employees and sales nearing $4.1 billion, AMP operates 24 facilities across nine countries, showcasing significant operational scale.