Ardagh Metal Packaging Posts 19% Revenue Growth, Maintains $750–775m EBITDA Guidance
Ardagh Metal Packaging reported a $5m Q1 loss while revenue rose 19% to $1.5bn and adjusted EBITDA climbed 15% to $179m. The company refinanced its asset-based lending facility to $450m, kept full-year EBITDA guidance at $750–775m, and forecast Q2 EBITDA of $210–220m.
1. Q1 Financial Results
Ardagh Metal Packaging posted a $5m loss in Q1 2026, unchanged year-over-year, with revenue up 19% to $1.5bn and adjusted EBITDA rising 15% to $179m. Global beverage can shipments dipped 1%, driven by a 2% decline in the Americas and a 1% drop in Europe, offset partially by 14% growth in Brazil.
2. Guidance and Refinancing
The company refinanced its asset-based lending facility, boosting availability to $450m and extending maturity to January 2031. It reaffirmed full-year adjusted EBITDA guidance of $750–775m and set Q2 EBITDA expectations at $210–220m.
3. Operational Outlook and Call Highlights
Management cited robust contractual cost pass-through for coatings, energy hedging arrangements and a mid-single-digit million hedge revaluation benefit as buffers against input cost inflation. They anticipate modest global shipment growth supported by expected World Cup-driven volume increases in Brazil, easing aluminum supply constraints and planned capacity expansions in Europe and North America.