2024-04-25 17:52:10 ET
Ardagh Metal Packaging S.A. (AMBP)
Q1 2024 Earnings Conference Call
April 25, 2024 11:00 AM ET
Company Participants
Stephen Lyons - IR
Oliver Graham - CEO
David Bourne - CFO
Conference Call Participants
Anthony Pettinari - Citi
Michael Roxland - Truist Securities
George Staphos - Bank of America
Stefan Diaz - Morgan Stanley
Curtis Woodworth - UBS
Arun Viswanathan - RBC Capital Markets
Ning Yang - Jupiter Asset Management
Paul Simenauer - BNP Paribas
Gabriel Hajde - Wells Fargo Securities
Presentation
Operator
Welcome to the Ardagh Metal Packaging S.A. First Quarter 2024 Results Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Mr. Stephen Lyons with Investor Relations. Please go ahead.
Stephen Lyons
Thank you, operator, and welcome, everybody. Thank you for joining today for Ardagh Metal Packaging's first quarter 2024 earnings call, which follows the earlier publication of AMP's earnings release for the first quarter. I am joined today by Oliver Graham, AMP's Chief Executive Officer; and David Bourne, AMP's Chief Financial Officer.
Before moving to your questions, we will first provide some introductory remarks around AMP's performance and outlook. AMP's earnings release and related materials for the first quarter can be found on AMP's website at www.ardaghmetalpackaging.com. Remarks today will include certain forward-looking statements and include use of non-IFRS financial measures. Actual results could vary materially from such statements. Please review the details of AMP's forward-looking statements disclaimer and reconciliation of non-IFRS financial measures to IFRS financial measures in AMP's earnings release.
I will now turn the call over to Oliver Graham.
Oliver Graham
Thank you, Stephen. Our performance in the first quarter was encouraging, with good volume growth across each of our markets. Global beverage shipments grew by 7% in the quarter versus the prior year, and adjusted EBITDA growth was marginally ahead of our guidance due to favorable volume and mix. In addition to continued strong shipment growth in the Americas, Europe is showing welcome signs of a recovery post customer destocking....
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Ardagh Metal Packaging S.A. (AMBP) Q1 2024 Earnings Call Transcript