Ardagh Metal Packaging S.A. announced its full-year 2024 results on February 27, 2025, reporting Adjusted EBITDA of $672 million, a 12% increase from $600 million in 2023, exceeding its initial projected range. Full-year revenue reached $4,908 million, up 2% from $4,812 million in the prior year. The company achieved 3% global volume growth, contributing to improved capacity utilization.
For the fourth quarter of 2024, Adjusted EBITDA grew by 11% to $164 million, with revenue increasing by 6% to $1,195 million. Europe's Adjusted EBITDA saw an 81% increase in Q4, while the Americas segment experienced an 8% decrease, primarily due to unfavorable volume/mix effects. The company ended 2024 with nearly $1 billion of liquidity and a reduced net leverage ratio of 4.9x net debt over Adjusted EBITDA, down from 5.5x at the end of 2023.
Ardagh Metal Packaging provided a positive outlook for 2025, anticipating further growth in Adjusted EBITDA, with a projected range of $684 million to $704 million. The company also declared a quarterly cash dividend of $0.10 per ordinary share, payable on March 27, 2025, to shareholders of record on March 13, 2025. This reflects confidence in continued shipments growth and operational improvements.
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