Ardagh Group S.A. – Third Quarter 2020 Results
Ardagh Group S.A. (NYSE: ARD) today announced its results for the third quarter ended September 30, 2020.
Paul Coulson, Chairman and Chief Executive, said “The Group performed very well in the quarter in a challenging operating environment, with continued strong growth in Metal Beverage Packaging and resumed volume growth in Glass Packaging, as on- premise channels re-opened. Our 2020 $250 million Business Growth Investment program has progressed well and will deliver new beverage can capacity in North America later this quarter. In addition, given a very favorable long-term outlook for sustainable packaging, we plan to invest over $1.8 billion in organic growth projects in 2021 to 2024, in addition to maintenance capex. This investment, will be principally in our beverage can business.”
(1)Continuing Operations results unless stated otherwise. For a reconciliation to the most comparable GAAP measures, see page 13.
(2)Adjusted earnings per share and Adjusted profit for the three and nine months ended September 30, 2020 includes the Group’s share of the Adjusted profit of its material equity accounted joint venture, Trivium Packaging B.V. which is further set out on page 12. The comparative periods include the results of the divested Food & Specialty business, which have been presented as a Discontinued Operation.
(3)Payable on December 16, 2020 to shareholders of record on December 2, 2020.
Click here to see the full Ardagh Group S.A. Earnings Release Q3 2020
