- Ardagh Metal Packaging (AMBP, Financial) reports a robust 11% revenue increase in Q1 2025 to $1,268 million.
- Adjusted EBITDA surged 16% to $155 million, with global beverage can shipments rising by 6%.
- Full-year 2025 guidance upgraded with expected shipments growth of 3-4% and EBITDA of $695-720 million.
Ardagh Metal Packaging S.A. (AMBP) delivered strong Q1 2025 financial results, with global beverage can shipments increasing by 6%, driven by growth of 7% in the Americas and 5% in Europe. The company reported an 11% increase in revenue, reaching $1,268 million, compared to $1,141 million in the prior year period. This growth reflects favorable volume and mix effects and the pass-through of higher input costs to customers.
Adjusted EBITDA rose by 16% to $155 million, exceeding previous guidance, as operational efficiencies and lower costs contributed to enhanced profitability. Notably, North American operations saw an 8% increase in shipments, propelled by growth in non-alcoholic categories and the energy sector's rebound.
In the Americas, revenue soared by 12% to $740 million, while European revenue climbed by 10% to $528 million. Adjusted EBITDA in the Americas and Europe increased by 16% to $106 million and 14% to $49 million, respectively, underscoring balanced growth across regions.
The company's liquidity position remains strong at $570 million, enabling the continuation of a regular quarterly dividend of $0.10 per share. In light of the solid Q1 performance, Ardagh Metal Packaging's management has revised its full-year outlook, projecting shipment growth of 3-4% and adjusted EBITDA in the range of $695-720 million, reflecting both improved operational performance and favorable currency movements.
CEO Oliver Graham acknowledged the resilience of the business amidst a challenging macroeconomic environment, highlighting the minimal expected impact from recent tariff measures due to the company's localized operations and supply chains. The strong Q1 results position AMBP well for continued growth, with Q2 2025 adjusted EBITDA anticipated to be between $195-205 million, marking a 10-15% increase from the prior year period.
