ARD - Ardagh Group S.A. (ARD) Q4 2023 Earnings Call Transcript
2024-02-22 19:32:03 ET
Ardagh Group S.A. (ARD)
Q4 2023 Results Conference Call
February 22, 2024 11:00 AM ET
Company Participants
Hermanus Troskie - Chairman
John Sheehan - CFO
Mike Dick - CEO of Glass Packaging
Conference Call Participants
Roger Spitz - Bank of America
Sam McGovern - UBS
Sandy Burns - Stifel
Richard Phelan - Deutsche Bank
Peter Dalena - BNP Paribas
Mark Watts - Citi
Paul Simenauer - BNP Paribas
Jens Olson - Bracebridge Capital
Ed Brucker - Barclays
Andreas Christoffersen - Nordea
Chris Ryan - Radcliffe
Eleonora Martignoni - CQS
Presentation
Operator
Welcome to the Ardagh Group S.A. Fourth Quarter 2023 Results Conference Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Hermanus Troskie, Chair of Ardagh Group. Please go ahead.
Hermanus Troskie
Thank you very much. Welcome, everybody, and thank you for joining us for Ardagh's fourth quarter and full-year 2023 bondholder call. Earlier today, we released our results for the quarter, and I'm joined on this call by John Sheehan, CFO; and by Mike Dick, our CEO of Glass Packaging.
Prior to taking your questions, we will make some opening remarks on the quarter and our outlook for 2024. These remarks will include certain forward-looking statements. These reflect circumstances at the time they made and the Company expressly disclaims any obligation to update or revise any forward-looking statements. Actual results or outcomes may differ materially from those that may be expressed or implied due to a wide range of factors.
Our full-year 2023 bundle report can be found on our website at ardaghgroup.com. Ardagh Metal Packaging or AMP, released its fourth-quarter results earlier today, and a replay of its earnings call can be found at ardaghmetalpackaging.com. We will not be providing any additional information regarding AMP on this call. So, moving to review some Ardagh Group highlights for the quarter.
Group revenues of $2.2 billion represented a reduction of 2% compared with the fourth quarter of 2022 on a constant currency basis. Revenues reflected higher shipments in metal packaging and the pass-through of increased costs in glass packaging, more than offset by the impact of lower glass shipments compared with the same period last year....
Ardagh Group S.A. (ARD) Q4 2023 Earnings Call Transcript