Ardagh Group S.A. (ARD)

Ardagh Metal Packaging (AMBP) is a leading aluminum beverage can producer, facing margin pressures but showing steady topline growth and improving EBITDA margins. AMBP's valuation is currently discounted due to high leverage and complex ownership, but restructuring at the parent level has reduced some uncertainty. Further margin improvements and debt reduction could drive a valuation re-rating, with up to 60% upside potential if both leverage and discount are resolved.

In a gold-standard model of obesity, treatment with ARD-201 resulted in approximately 19% body weight reduction after 30 days of treatment. ARD-201 was also associated with attenuated weight regain after discontinuation of tirzepatide.

Supported by Overwhelming Majority of Financial Stakeholders Significantly Lowers Debt, Extends Next Bond Maturity to 2030 and Injects New Capital   Glass and Metal Packaging Businesses to Remain within Ardagh Group, Equity Ownership of which will Transfer to Noteholders LUXEMBOURG , July 28, 2025 /PRNewswire/ -- Ardagh Group S.A. ("AGSA" or the "Company", and together with its subsidiaries the "Group") is pleased to announce that it has agreed a comprehensive recapitalization transaction (the "Agreed Recapitalization Transaction") with its largest financial stakeholders, including its controlling shareholder (the "Existing Sponsor") and creditors representing approximately 75% by value of its senior secured notes ("SSNs"), over 90% by value of its senior unsecured notes ("SUNs"), and over 60% by value of the senior secured toggle notes due 2027 issued by ARD Finance S.A.

LUXEMBOURG , July 24, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that its board of directors has approved a quarterly interim dividend of $0.10 per ordinary share.

LUXEMBOURG , July 24, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the second quarter ended June 30, 2025.

Ardagh Metal Packaging is exiting a heavy investment phase, with volumes rising, margins stabilizing, and capex normalizing, signaling an operational inflection. Despite high leverage and weak free cash flow, the company's improving fundamentals and discounted valuation offer 60% upside if 2025 targets are met. Execution is key: stable margins, debt reduction, and consistent cash flow are required for rerating, while risks include input cost volatility and governance concerns.

I've maintained a long position in Ardagh Metal Packaging despite initial losses, focusing on their strong free cash flow profile over the 11% dividend yield. Q1 2025 saw a revenue increase to $1.27B and a gross profit rise of more than 20%, but a net loss due to high depreciation and amortization expenses. Adjusted for working capital changes, the underlying operating cash flow was $103M, leading to a net free cash flow of $58M for common shareholders.

LUXEMBOURG , April 24, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that its board of directors has approved a quarterly cash dividend of $0.10 per ordinary share.

LUXEMBOURG , April 24, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the first quarter ended March 31, 2025.

LUXEMBOURG , Feb. 27, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that its board of directors has approved a quarterly cash dividend of $0.10 per ordinary share.

LUXEMBOURG , Feb. 27, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the fourth quarter and year ended December 31, 2024.

LUXEMBOURG , Nov. 26, 2024 /PRNewswire/ -- Ardagh Metal Packaging S.A. will participate in Citi's 2024 Basic Materials Conference on Wednesday, December 4, 2024.

Ardagh Metal Packaging S.A. shows strong growth potential for 2025, with a positive outlook reinforced by Q3 2024 earnings. Q3 2024 saw a 2% increase in metal beverage can shipments and a 15% rise in adjusted EBITDA, driven by margin normalization in Europe and improved manufacturing in the Americas. Resilient beverage consumption trends and strong input cost management contributed to Ardagh's performance, leading to an increased full-year adjusted EBITDA guidance of $650M-$660M.

LUXEMBOURG , Oct. 24, 2024 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the third quarter ended September 30, 2024.

LUXEMBOURG , Oct. 24, 2024 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that its board of directors has approved a quarterly cash dividend of $0.10 per ordinary share.

Strong growth prospects in key regions like Brazil outweigh short-term sales declines. Management's plan to reduce leverage from 5.8x to 5.2x strengthens the financial outlook. Institutional investors, including King Street Capital Management, show bullish sentiment, with significant long positions and increased call options in the last quarter.