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。
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