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Packaging And Design

Ardagh Group To Publish Quarter Four Results In February

Irish metal and glass packaging group, the Ardagh Group, will publish its fourth quarter and full year 2018 results on Thursday, February 21, 2019.

An investor webcast and conference call will be held at 15:00 GMT.

Ardagh Group

In the third quarter, the packaging giant posted revenues of $2,390 million, an increase of 3% on the previous month.

The groups adjusted EBITDA declined by 9%.

Group chairman and CEO, Paul Coulson, said that despite high levels of cost inflation, the group delivered strong growth in Metal Packaging Americas, adding that all parts of that business performed very well.

In its third-quarter report, the Ardagh said that it expects a full-year adjusted EBITDA of approximately $1,450 million.

The group recently announced that it will step up its production in its Valparaiso facility by approximately 10%.

The move comes as the can maker aims to meet the increasing demand for innovative, ‘eye-catching’ beverage can packaging.

It operates over 100 facilities in 22 countries, employing approximately 23,000 people and has global sales of approximately €8.6 billion.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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