Ardagh Group
Menu

Ardagh Group S.A. – Second Quarter 2021 Results

Ardagh Group S.A. (NYSE: ARD) today announced its results for the second quarter ended June 30, 2021.

Highlights

Ardagh Group Q2 2021 Results

Paul Coulson, Chairman and Chief Executive, said “The Group performed very well in the quarter, with strong Adjusted EBITDA growth led by advances of 18% in Ardagh Metal Packaging (“AMP”) and 36% in Glass Packaging Europe. Our growth investments across our business are on track and we expect to deliver further progress in the second half of the year.”

  • Revenue of $1.9 billion increased by 11% at constant exchange rates, due to higher shipments in both metal and glass, as well as the pass through of increased input costs.
  • Adjusted EBITDA increased by 14% at constant currency, with strong growth in AMP and Glass Packaging Europe.
  • AMP shipments increased by 3% in the quarter, after a cyber incident impact of 4%, and measured against a strong comparable. Specialty can volumes increased by 16%, with double-digit growth in all regions, and represented 46% of total shipments. Adjusted EBITDA increased by 18% at constant currency to $173 million. AMP LTM Adjusted EBITDA increased to $613 million at June 30, 2021.
  • Glass Packaging shipments increased by 7% in the quarter, led by 10% growth in Europe. Adjusted EBITDA increased by 19%, reflecting a 36% increase in Glass Packaging Europe, where demand recovered strongly compared with the same quarter in the prior year.
  • Growth investment projects continued to progress across the Group during the quarter and are fully on track.
  • Separate listing of AMP on NYSE as a pure play beverage can producer, via combination with Gores Holdings V Inc, is progressing to completion.
  • Cash and available liquidity of $4.0 billion at June 30, 2021.
  • Commitment of $50 million in a 10-year partnership with Project Lead the Way, to promote STEM education in all communities where Ardagh Group operates across the US.
  • Re-iterating 2021 Guidance: Adjusted EBITDA of $1.28 - $1.30 billion in 2021 with end of year reported net leverage of around 5x LTM Adjusted EBITDA. Third quarter Adjusted EBITDA is expected to be $335-345 million.


Click here to see the full Ardagh Group S.A. Earnings Release Q2 2021

Final Results of Exchange Offer

Ardagh Group S.A. Announces Final Results of Exchange Offer

Ardagh Group S.A. (“AGSA” or the “Company”) (NYSE: ARD) today announced the final results of its offer to exchange all outstanding Class A Common Shares (the “AGSA Shares”) for s...

12 Oct 2021

Ardagh Group Q3 '21 Results Notification

Ardagh Group S.A. Q3 2021 Results and Bondholder Call Notification

Ardagh Group S.A. will publish Third Quarter 2021 results on Thursday, October 28, 2021.A results release will be posted to our website at midday BST (07:00 EST) on October 28, 2021, at http...

11 Oct 2021

Design refresh for Absolut Vodka bottle

Absolut Vodka bottle design refresh pays homage to Swedish heritage

In the iconic bottle’s first major design refresh since its creation in 1979, Ardagh Glass Packaging – Europe worked closely with Absolut and design agencies, Brand Union and Destrito, t...

11 Oct 2021

Preliminary Results of Exchange Offer

Ardagh Group S.A. Announces Preliminary Results of Exchange Offer

Ardagh Group S.A. (“AGSA” or the “Company”) (NYSE: ARD)today announced the preliminary results of its offer to exchange all outstanding Class A Common Shares (the “AGSA Shares”) ...

6 Oct 2021

Our website uses cookies to analyse traffic to this site. By continuing to use our site without changing your browser settings to block or remove cookies, you are agreeing to the terms of our Privacy Statement.