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Earnings Call Summary | Ardagh Group(ARD.US) Q4 2023 Earnings Conference

Earnings Call Summary | Ardagh Group(ARD.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Ardagh Group (ARD.US) 2023 年第四季度業績發佈會
富途資訊 ·  02/23 13:43  · 電話會議

The following is a summary of the Ardagh Group S.A. (ARD) Q4 2023 Earnings Call Transcript:

以下是Ardagh Group S.A.(ARD)2023年第四季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Ardagh Group reported Q4 revenues of $2.2 billion, a decrease of 2% year-over-year due to higher shipments in metal packaging and increased costs in glass packaging, offset by lower glass shipments.

  • Adjusted EBITDA for the quarter was $243 million, a 26% drop from the same period last year.

  • Metal Packaging unit's revenue increased by 2% to $1.1 billion, with adjusted EBITDA down by 9%.

  • Glass Packaging revenues decreased by 6% to $1.08 billion with adjusted EBITDA dropping 43% to $95 million.

  • Ardagh expects a 5% to 10% growth in Metal Packaging's adjusted EBITDA for 2024 and projects Glass Packaging's adjusted EBITDA to be between $750 million to $780 million.

  • Ardagh ended 2023 with consolidated liquidity of $1.5 billion and anticipates ending 2024 with a leverage of around 6.2x adjusted EBITDA.

  • Ardagh Group報告稱,第四季度收入爲22億美元,同比下降2%,這是由於金屬包裝的出貨量增加和玻璃包裝成本的增加,但被玻璃出貨量的減少所抵消。

  • 本季度調整後的息稅折舊攤銷前利潤爲2.43億美元,比去年同期下降26%。

  • 金屬包裝部門的收入增長了2%,達到11億美元,調整後的息稅折舊攤銷前利潤下降了9%。

  • 玻璃包裝收入下降了6%,至10.8億美元,調整後的息稅折舊攤銷前利潤下降了43%,至9500萬美元。

  • Ardagh預計,金屬包裝2024年調整後的息稅折舊攤銷前利潤將增長5%至10%,並預計玻璃包裝調整後的息稅折舊攤銷前利潤將在7.5億美元至7.8億美元之間。

  • Ardagh在2023年底的合併流動性爲15億美元,預計到2024年底,經調整後的息稅折舊攤銷前利潤的槓桿率約爲6.2倍。

Business Progress:

業務進展:

  • Ardagh Group is focusing on operational efficiency with initiatives to optimize and improve existing plants.

  • The company has entered into a 10-year agreement for a wind energy project in Europe to cover 40% of their European glass electricity needs and is planning large-scale solar projects in North America and South Africa.

  • There is a shift in customer outlook from price-focus to volume-focus and the company is in discussions about this.

  • Ardagh Group expects a gradual recovery in glass shipments in 2024 and plans to reduce leverage.

  • The company is firm in its commitment to sustainability and industry leadership, with a focus on renewable energy and increased use of recycled materials.

  • Plans are underway to review their capital structure, are conscious of their maturities, and plan CapEx reductions under the AMP program.

  • Ardagh 集團通過優化和改善現有工廠的舉措專注於運營效率。

  • 該公司已經簽訂了一項爲期10年的歐洲風能項目協議,以滿足其40%的歐洲玻璃電力需求,並正在計劃在北美和南非進行大型太陽能項目。

  • 客戶前景從以價格爲重點轉向以銷量爲中心,該公司正在討論這個問題。

  • Ardagh集團預計,2024年玻璃出貨量將逐步恢復,並計劃降低槓桿率。

  • 該公司堅定地致力於可持續發展和行業領導地位,專注於可再生能源和增加回收材料的使用。

  • 正在計劃審查其資本結構,了解其到期日,並計劃根據AMP計劃削減資本支出。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。

譯文內容由第三人軟體翻譯。


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