Ardagh Metal Packaging SA (AMBP) News & EventsAMBPArdagh Metal Packaging SA

Ardagh Board Considers Sale of Metal Packaging Business

Ardagh says its board of directors instructed its advisers to prepare for a potential sale of Ardagh Metal Packaging, according to Bloomberg, citing an emailed statement from the company. Under the process it is considering, Ardagh Holdings would sell some or all of the equity interests indirectly held in Ardagh Metal Packaging to a third-party buyer and Evercore has been appointed as financial adviser, Bloomberg reported.

Ardagh Holdings Plans to Sell Ardagh Metal Packaging

Ardagh Metal Packaging S.A. notes the press release by its controlling shareholder, Ardagh Holdings S.A., and that AHSA has filed an amendment to its statement on Schedule 13D with the U.S. SEC with respect to the ordinary shares of AMPSA. The press release and Schedule 13D amendment record that the board of directors of AHSA has instructed its advisers to prepare for a potential sale of Ardagh Metal Packaging S.A. by AHSA and its affiliates. Under the contemplated process, AHSA would sell some or all of the equity interests indirectly held in AMPSA to a third-party buyer, and a potential transaction may include a scenario in which AHSA acquires the ordinary shares of AMPSA not currently held by AHSA in order to facilitate a sale of all of the equity interests in AMPSA to a third-party buyer. AMPSA further notes that Evercore International Partners LLP has been appointed as financial adviser to AHSA and Kirkland & Ellis International LLP as lead legal adviser to AHSA, and that any further steps in connection with a potential transaction, including the terms, timing, selection of a counterparty, and ultimate consummation, will require the approval of the board of directors of AHSA. AHSA has not set a deadline or definitive timeline for the completion of the potential sale process, and there can be no assurance that the process will result in any transaction or particular outcome. AHSA has stated that it does not intend to comment further unless and until its board of directors has approved a specific course of action or it has otherwise determined that further disclosure is appropriate or necessary.

AMP Reports Q2 Revenue of $1.71B, Adjusted EBITDA Guidance Upgraded to $775M-$790M

Reports Q2 revenue $1.71B, consensus $1.57B. CEO Oliver Graham said: "AMP continued its strong performance in Q2, with Adjusted EBITDA growth of 14% versus the prior year, significantly ahead of our guidance. Beverage can shipments declined by 1% versus the prior year quarter as we cycled strong prior year growth. Shipments were also impacted by contract resets in North America and lower shipments in Brazil following outperformance in Q1, partly offset by strong volume growth in Europe. This was in line with our expectations and comes ahead of an expected return to modest global volume growth in the second half, supported by the strength in global beverage can demand and our attractive customer and portfolio mix. Our Adjusted EBITDA outperformance in the quarter was primarily driven by Europe, which benefitted from favorable input cost recovery and strong volume growth. Americas performance was broadly in line with expectations - despite softness in the Brazil industry, and metal supply constraints impacting shipments in North America. Metal supply availability in North America significantly improved over the course of the second quarter, and we anticipate operating under normal supply conditions during the second half of the year. We are pleased to upgrade our full-year 2026 Adjusted EBITDA guidance, despite an uncertain macro-economic backdrop, to a range of between $775M-$790M".