{"id":701702,"date":"2022-10-27T08:00:20","date_gmt":"2022-10-27T12:00:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ardagh-metal-packaging-s-a-third-quarter-2022-results\/"},"modified":"2022-10-27T08:00:20","modified_gmt":"2022-10-27T12:00:20","slug":"ardagh-metal-packaging-s-a-third-quarter-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ardagh-metal-packaging-s-a-third-quarter-2022-results\/","title":{"rendered":"Ardagh Metal Packaging S.A. – Third Quarter 2022 Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n
\n LUXEMBOURG<\/span>
\n <\/span>, Oct. 27, 2022<\/span><\/span> \/PRNewswire\/ — Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the third quarter ended September 30, 2022<\/span>.<\/p>\n

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\n
\n \"(PRNewsfoto\/Ardagh
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Three months ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Three months ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n September 30, 2022<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n September 30, 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Constant Currency<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n ($’m except per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,038<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Profit\/(loss) for the period<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 68<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (178)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted EBITDA (1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 140<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 176<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (20\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (15\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Earnings\/(loss) per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.32)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted earnings per share (1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.06<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Dividend per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n Oliver Graham<\/span>, CEO of Ardagh Metal Packaging, said<\/p>\n

“We experienced a challenging third quarter of 2022. While global shipments increased by 9% compared with the same period last year, demand was below our expectations and impacted earnings. We expect these conditions to persist through the fourth quarter and into the first half of 2023. In response we are taking a disciplined approach to managing our costs and capacity, and further flexing our growth expenditure. Our well-advanced investment program puts us in a very strong position to serve the continuing secular demand growth for sustainable beverage can packaging.”<\/p>\n