Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. But on the direct energy piece, yes, there will clearly be some get back with the dropping of the energy price. We remain in close dialogue with the customer who continues to trade through the process. Appreciate that. Paul Coulson, Chairman and CEO of Ardagh, will serve as Chairman and Shaun Murphy, COO of Ardagh, will serve as Vice Chairman of the Company following the closing of the transaction. Ardagh Group also holds a 42% interest in Trivium Packaging, a leading supplier of sustainable metal packaging As previously indicated, our revised growth investment plans are well advanced, and cash outflows comprised the finishing of projects already underway. The companys global supply chain partners commitment to the Aluminium Forward 2030 coalition and endorsement of the Mission Possible Partnerships net-zero strategy supports actions to achieve the industrys net-zero carbon footprint ambition. So what are you seeing across the regions in terms of the buying patterns as well? So overall, yes, here the point, but I think that the can growth will be good in Brazil going forward. 1. 1901 Avenue Of The Stars, Suite 450 Los Angeles, CA 90067 Anwar Dillon-Thomas Burton Attorney at Bokhour Law Group 1901 Avenue Of The Stars, Suite 450 Los Angeles, CA 90067 Defendant Attorneys Sabrina Layne Shadi And good luck on the rest of the year. read more . GoresGroup-SVC@sardverb.com, Internet Explorer presents a security risk. Ardagh Metal Packaging S.A. (NYSE: AMBP) will hold its first quarter 2023 earnings webcast and conference call for investors at 9.00 a.m. EDT (2.00 p.m. BST) on April 27, 2023. Perfect. Adjusted EBITDA decreased by $15 million, or 10%, to $130 million in the three months ended March 31, 2023, compared with $145 million in the same period last year. We continue to monitor that, obviously, on a month-by-month basis, and we continue to monitor our overall capacity because we do intend to keep utilization in the 90s over the next few years. Are you feeling pretty good about your contracted position? Our global shipments grew by 3% led by growth of 5% in North America and with a solid performance of 2% in Europe. 16 countries, employing more than 21,000 people with sales of approximately $10bn. But as I say, all of those activities were completed last year. And as you put those numbers together with some EBITDA growth, that's why you can see we're very confident in the sustainability of the dividend. Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for the world's leading brands. And so you get typically a stabilization. And just so on that note then, does your European business take a step down from here? Ardagh operates 65 metal and glass production facilities in But I think we still think there are other categories and other customers where there's a bit more strength that we don't play in, particularly on the energy drink side. AMP's earnings release and related materials for the first quarter can be found on AMP's website at www.ardaghmetalpackaging.com. Adjusted EBITDA for the quarter was $81m, decreasing by 9% compared to $89m in the same period last year, primarily driven by input cost headwinds and higher operating costs, partly offset by favourable volume/mix effects. Demand remains restrained by sustained higher retail pricing, but with greater resilience experience in non-alcoholic categories, which represent the majority of our North American business. Nov 19, 2021, 08:00 ET. Luxembourg-based metal packaging supplier Ardagh Metal Packaging (Ardagh) has reported a solid performance in the first quarter (Q1), with global beverage can shipments growing by 3% during the period. So the European business takes a step up from here. Ardagh Group is a Luxembourg -based producer of glass and metal products that has "grown in the past two decades into one of the world's largest metal and glass packaging companies". Ardagh has reaffirmed its full-year guidance, with shipment growth of mid to high single digits. Consumer demand remained resilient in the quarter led by carbonated soft drinks. And I think that's true also in Europe where there's probably a bit less capacity being built out in the last few years and similarly in Brazil where the market is a bit softer. Sleek to 24 oz., offering a wide variety of options to ideally represent customer brands. I think that's right. I mean that category, though, overall, I think, is beginning to move. Maybe just because Anthony set it up, I'll cover the dividend. We build upon the inherent environmental advantages of metal beverage cans by clearly supporting our customers sustainability platforms. Thanks, David. It appears that a couple of years ago when the market was really tight, pricing was achievable. currency basis versus the prior year quarter. Thank you. Revenue of $486 million decreased by 3% in the three months ended March 31, 2023, compared with $499 million in the same period last year. It is part of the company's multi-billion dollar investment programme to build new, recyclable, metal packaging capacity across Europe, North America and Brazil. Please go ahead. In Europe Adjusted EBITDA declined by 8% to $49 million as a strong contribution from input cost recovery was more than offset by higher operating costs and the seasonal rebalancing of the contract asset margin. We reaffirm our guidance for 2023, which assumes global shipment growth of a mid to high single-digit percentage and adjusted EBITDA growth in the order of 10% weighted to the second half due to more favorable prior year comparisons and improving volumes. We operate 65metal and glass production facilities in 16countries, employing more than 20,000 people. Yes. Ardagh Group S.A., 56, rue Charles Martel, L-2134 Luxembourg.R.C.S. We each share a common vision: to be the preferred metal beverage packaging partner to brand owners around the world. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of Gores Holdings Vs or Ardaghs securities; (ii) the risk that the proposed Business Combination may not be completed by Gores Holdings Vs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Gores Holdings V; (iii) the failure to satisfy the conditions to the consummation of the proposed Business Combination, including the approval of the proposed Business Combination by Gores Holdings Vs stockholders, and the satisfaction of the minimum trust account amount following redemptions by Gores Holdings Vs public stockholders; (iv) the effect of the announcement or pendency of the proposed Business Combination on Ardaghs or AMPs business relationships, performance, and business generally; (v) risks that the proposed Business Combination disrupts current plans of Ardagh or AMP and potential difficulties in Ardagh or AMP employee retention as a result of the proposed Business Combination; (vi) the outcome of any legal proceedings that may be instituted against Gores Holdings V or Ardagh related to the proposed Business Combination; (vii) the ability to maintain, prior to the closing of the proposed Business Combination, the listing of Gores Holdings Vs securities on the NASDAQ, and, following the closing of the proposed Business Combination, AMPs shares on the NYSE; (viii) the price of Gores Holdings Vs securities prior to the closing of the proposed Business Combination, and AMPs shares after the closing of the proposed business combination, including as a result of volatility resulting from changes in the competitive and highly regulated industries in which AMP plans to operate, variations in performance across competitors, changes in laws and regulations affecting AMPs business and changes in the combined capital structure; and (ix) AMPs ability to implement business plans, forecasts, and other expectations after the closing of the proposed Business Combination, and identify and realize additional opportunities. So that big step-down is what then allows us to grow, as we say, investment-free into our capacity. Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET. This site is protected by reCAPTCHA and the Google You can update your preferences by clicking the "Cookie Policy" link at the bottom of any page on our website. It serves the beverage, beauty, pharmaceuticals . Constantly evolving production technologies are used to ensure exciting possibilities and environmental sustainability in metal packaging for the future. Ardagh Group provides a wide range of beverage cans in many shapes and sizes to some of the most recognizable brands in the world, serving such beverage categories as sparkling water, soft drinks, beer, wine, flavored malt beverages, energy drinks and teas. Thank you. Please go ahead. The consistent pursuit of market-leading innovation, quality and customer service, backed by investment in our people and processes, underpins everything we do. Thanks for that, Ollie. So either brand, branded economy segment or own label performing extremely strongly. And we can see and the beginnings of that coming across into the sports drink space. Our accelerated growth strategy is timely and deepens our connection with our customers as demand for sustainable beverage cans continues to grow., Alec Gores, Chairman and CEO of The Gores Group and Chairman of Gores Holdings V, said, Ardagh Metal Packaging has solidified its position as a clear leader in sustainability. Today's conference is being recorded. Thanks. And therefore, that growth we see having zero impact on our growth because our growth will be much more significant given the capacity position, given the consumer adoption of the can and given the significant shift we expect out of two-way. Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for the world's leading brands. Okay. We also had softness with the beer customer. AMP's state-of-the-art can manufacturing facility will occupy about 40,000m (430,556ft). We will take our first question from Anthony Pettinari from Citi. So are we balanced in the U.S.? And again, sort of, I don't know, maybe 6 to 12-month lag, maybe it's 12 months entirely. Please go ahead. The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the access code: 403501. We delivered a solid performance in the first quarter and met our market guidance. I previously held positions as a Production manager in our St. Paul, MN facility and in our Chicago facility . So there clearly is capacity available in all 3 markets, but I think everybody is making sure to take the actions to run at a good utilization level. This press release relates to the proposed Business Combination. Please go ahead. Thank you for your participation. But in any event, perhaps we want to solve that on this call, but that's the only thing I'd point out there.