{"id":12959,"date":"2026-04-24T06:45:51","date_gmt":"2026-04-24T10:45:51","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=12959"},"modified":"2026-04-24T06:45:51","modified_gmt":"2026-04-24T10:45:51","slug":"ardagh-metal-packagings-loss-holds-steady-at-5m-in-q1-2026","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=12959","title":{"rendered":"Ardagh Metal Packaging\u2019s loss holds steady at $5m in Q1 2026"},"content":{"rendered":"


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The company kept its 2026 adjusted EBITDA guidance unchanged at $750m to $775m for the full year. Credit: Piotr Swat \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Ardagh Metal Packaging (AMP) posted a $5m loss in the first quarter (Q1) of 2026, unchanged from the year-earlier period.<\/p>\n

The company posted Q1 revenue of $1.5bn, up 19% from $1.26bn a year ago.<\/p>\n

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Adjusted EBITDA [earnings before interest, taxes, depreciation, and amortisation] came in at $179m for the three months to 31 March 2026, an increase of 15% from $155m in the same period last year.<\/p>\n

In the Americas, revenue rose to $879m from $740m, an increase of $139m or 19% on both a reported and constant currency basis.<\/p>\n

In Europe, revenue increased to $625m from $528m.<\/p>\n

Global beverage can shipments were down 1% from the prior-year quarter.<\/p>\n

That reflected a 2% decline in the Americas, with a 5% drop in North America partly offset by 14% growth in Brazil, and a 1% decline in Europe.<\/p>\n

During the quarter, the company refinanced its asset-based lending facility, raising it to $450m and extending the maturity to January 2031.<\/p>\n

AMP kept its 2026 adjusted EBITDA guidance unchanged at $750m to $775m for the full year, alongside modest global shipment growth.<\/p>\n

For the second quarter, adjusted EBITDA is expected in a range of $210m to $220m.<\/p>\n

Commenting on the outlook, AMP CEO Oliver Graham said: \u201cWe reaffirm our full year adjusted EBITDA guidance for 2026 despite macro-economic and geopolitical uncertainty \u2013 and the associated increases in certain input costs \u2013 and we continue to anticipate moderate global shipments growth.<\/p>\n

\u201cAMP\u2019s guidance is supported by our first quarter outperformance, our robust contractual cost pass-through mechanisms, energy hedging arrangements, and volume outlook, all of which help mitigate the potential impact of higher commodity prices.\u201d<\/p>\n

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