Sustainable packaging solution provider Ardagh Group 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.  

The company’s loss before tax was $175m for the quarter, compared to the $100m loss reported in Q2 FY23.  

Its overall loss for the period was $205m against a loss of $97 in Q2 FY23. 

The group’s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) remained stable at $383m in Q2 FY24. 

Ardagh Metal Packaging (AMP)-Europe’s revenue increased by 2% to $566m in the three months ended 30 June 2024, compared with $555m in Q2 FY23. 

This growth was attributed to favourable volume and mix effects and a positive impact from foreign currency translation.  

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

However, AMP Americas saw a slight decline in revenue to end with $693m, marking a 1% decline from $700m in the same period last year. 

Ardagh Glass Packaging (AGP)-Europe & Africa registered $696m in revenue over the quarter, decreasing 9% from $766m in Q2 FY23. 

Meanwhile, revenue of AGP-North America decreased by 7% to $395m in Q2 FY24 compared with $425m in the prior year quarter. 

The decline was largely a result of lower volume and mix effects, although this was somewhat mitigated by the pass-through of higher input costs. 

In the year to date, Ardagh Group’s revenue decreased to $4.52bn from $4.70bn in the same period in FY23.

The company registered a loss for the period of $341m, compared to a loss of $144m in the first half of FY23. 

Recently, AGP-North America expanded its American-made bottles with the launch of a new series of craft beverage bottles.  

Packaging Gateway Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Packaging Gateway Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now