Change in Presentation Currency
In February 2018, Ardagh Group S.A. (the “Group”) announced that with effect from January 1, 2018 the Group will change the currency in which it presents its financial statements from euro to U.S. dollar. This is principally as a result of the Group’s assessment that this change will help provide a clearer understanding of the Group’s financial performance and improve comparability of our performance following the Group’s IPO on the New York Stock Exchange.
Consequently, selected unaudited financial information for the financial years ended December 31, 2017 and 2016 is provided in U.S. dollar for informational purposes in the attached link. The consolidated financial statements of Ardagh Group S.A. for the financial years ended December 31, 2017, 2016 and 2015, re-presented in U.S. dollar will be provided in due course.
About Ardagh Group
Ardagh Group (www.ardaghgroup.com) is a global leader in metal and glass packaging solutions, producing packaging for most of the world's leading food, beverage and consumer brands. It operates 109 facilities in 22 countries, employing approximately 23,500 people and has global sales of approximately $8.6 billion.
Non-GAAP Financial Measures
This release contains certain consolidated financial measures such as Adjusted EBITDA that are not calculated in accordance with IFRS or US GAAP. Non-GAAP financial measures may be considered in addition to GAAP financial information, but should not be used as substitutes for the corresponding GAAP measures. The non-GAAP financial measures used by Ardagh may differ from, and not be comparable to, similarly titled measures used by other companies.
March 28, 2018
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28 March 2018