{"id":1168,"date":"2024-07-26T08:35:23","date_gmt":"2024-07-26T12:35:23","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1168"},"modified":"2024-07-26T08:35:23","modified_gmt":"2024-07-26T12:35:23","slug":"ardagh-group-reports-adjusted-ebitda-of-383m-in-q2-fy24","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1168","title":{"rendered":"Ardagh Group reports adjusted EBITDA of $383m in Q2 FY24"},"content":{"rendered":"


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AMP-Europe\u2019s revenue increased by 2% to $566m in the quarter. Credit: JHVEPhoto via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Sustainable packaging solution provider Ardagh Group<\/a> has announced $2.35bn in revenue for the second quarter (Q2) of financial year 2024 (FY24), compared to $2.446bn in the same period of the previous year.\u00a0\u00a0<\/p>\n

The company\u2019s loss before tax was $175m for the quarter, compared to the $100m loss reported in Q2 FY23.\u00a0\u00a0<\/p>\n

Its overall loss for the period was $205m against a loss of $97 in Q2 FY23.\u00a0<\/p>\n

The group\u2019s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) remained stable at $383m in Q2 FY24.\u00a0<\/p>\n

Ardagh Metal Packaging (AMP<\/a>)-Europe\u2019s revenue increased by 2% to $566m in the three months ended 30 June 2024, compared with $555m in Q2 FY23.\u00a0<\/p>\n

This growth was attributed to favourable volume and mix effects and a positive impact from foreign currency translation.\u00a0\u00a0<\/p>\n

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