Glass Industry News

Ardagh Group sees Q2 2020 revenues drop by 5% on previous year

, Ardagh Group

Ardagh Group has seen revenue for the second quarter of 2020 at $1,606 million, 5% lower than the prior year.

Despite growth in other areas, the group saw a 7% reduction in glass packaging for the quarter that ended 30th June, 2020.

The adjusted EBITDA of $271 million for the quarter was an 11% reduction of constant currency from the previous year.

Paul Coulson, Chairman and Chief Executive, said: “The group performed well in the quarter, reflecting strong execution and the defensive end markets we serve.

“Demand for sustainable packaging remains strong and we continue to progress our growth investment projects.

“We also availed of favourable markets to improve our capital structure and ended the quarter with total liquidity of $1.6 billion.

“Overall trading trends in June were positive and we are well-positioned to benefit from further improvements in market demand.”

The performance of Ardagh’s glass packaging was stable throughout the second quarter, with strength in food end markets mitigating the impact of on-premise closures.

Investment projects continued to progress during the period, to support growth in demand for sustainable packaging.

Total liquidity of $1.6 billion at June 30, 2020, including $1.45 billion in cash.

Capital structure further improved during the quarter, with an average debt maturity of six years and no bond maturities before 2025.

, © Ardagh Group

Il materiale informativo del sito è registrato ed appartiene all´azienda o ai terzi che lo hanno fornitoe tutti i diritti sono riservati. Qualsiasi utente che accede a tale materiale può farlo solo ad uso personale e ne è anche responsabile. Ridistribuzione o altro uso commerciale di tale materiale è espressamente proibito. Nel caso in cui il materiale sia stato ceduto da terzi, l´utente concorda di rispettare questi termini di utilizzo specificati. Glass Global non garantisce la veridicità o l´esattezza del contenuto di alcuna informazione o di siti web esterni menzionati nelle stesse.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Profilo Aziendale



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X