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