share_log

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

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

财报电话会议摘要 | Ardagh Group (ARD.US) 2023 年第四季度财报发布会
富途资讯 ·  02/23 13:43  · 电话会议

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年第四季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • 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报告称,第四季度收入为22亿美元,同比下降2%,这是由于金属包装的出货量增加和玻璃包装成本的增加,但被玻璃出货量的减少所抵消。

  • 本季度调整后的息税折旧摊销前利润为2.43亿美元,比去年同期下降26%。

  • 金属包装部门的收入增长了2%,达到11亿美元,调整后的息税折旧摊销前利润下降了9%。

  • 玻璃包装收入下降了6%,至10.8亿美元,调整后的息税折旧摊销前利润下降了43%,至9500万美元。

  • Ardagh预计,金属包装2024年调整后的息税折旧摊销前利润将增长5%至10%,并预计玻璃包装调整后的息税折旧摊销前利润将在7.5亿美元至7.8亿美元之间。

  • Ardagh在2023年底的合并流动性为15亿美元,预计到2024年底,经调整后的息税折旧摊销前利润的杠杆率约为6.2倍。

Business Progress:

业务进展:

  • 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 集团通过优化和改善现有工厂的举措专注于运营效率。

  • 该公司已经签订了一项为期10年的欧洲风能项目协议,以满足其40%的欧洲玻璃电力需求,并正在计划在北美和南非进行大型太阳能项目。

  • 客户前景从以价格为重点转向以销量为中心,该公司正在讨论这个问题。

  • Ardagh集团预计,2024年玻璃出货量将逐步恢复,并计划降低杠杆率。

  • 该公司坚定地致力于可持续发展和行业领导地位,专注于可再生能源和增加回收材料的使用。

  • 正在计划审查其资本结构,了解其到期日,并计划根据AMP计划削减资本支出。

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:欲了解更多详情,请访问投资者关系网站。本文仅供投资者参考,不构成任何投资建议。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
    抢沙发