Ardagh Metal Packaging(US:AMBP)2024-10-24 13:00Financial Performance - Ardagh Metal Packaging (AMP) reported a 15% increase in Q3 Adjusted EBITDA, reaching $196 million, driven by double-digit growth in both Europe and the Americas[33] - The company improved its full-year Adjusted EBITDA guidance to $650-660 million, up from the previous $640-660 million[17, 38] - Q3 revenue increased by 1% to $1.313 billion[33] - AMP has strong Q3 liquidity of $0.7 billion and expects it to increase to approximately $1 billion by the end of 2024[17] Regional Performance - Europe's revenue increased by 2%, with Adjusted EBITDA up by 18% due to higher input cost recovery and favorable volume/mix[35] - Americas revenue increased by 1%, with Adjusted EBITDA up by 13% driven by favorable volume/mix effects and lower operating costs[35] - Global shipment growth was 2% in Q3, with strong end market performance in Europe[14, 22] Strategic Initiatives - AMP secured a solar virtual Power Purchase Agreement (vPPA) in Portugal, representing approximately 50% of AMP Europe's continental energy consumption[27] - A new credit facility was agreed in Brazil for BRL 500 million (approximately $90 million) to further strengthen liquidity[30] Market Position - AMP is a leading global supplier of sustainable and infinitely recyclable metal beverage cans, with sales of $4.8 billion in 2023[4] - The company holds leading market positions, ranking 2 in Europe and 3 in North America and Brazil[9]