Ardagh reports 2% increase in glass shipments
Published 24th February, 2021 by Greg Morris
Glass container manufacturer Ardagh Group reported a 2% increase in glass shipments in the second half of 2020 compared to the year before.
In its Quarter 4 and Final Year 2020 financial results the group said its Glass Packaging Europe division performed strongly in the quarter, with packaging volume/mix increasing by 2% compared to the same period last year.
Volume/mix in Glass Packaging in Europe increased in most categories, notably food, as lockdowns had a diminishing impact on consumption patterns compared with earlier in the year.
Adjusted EBITDA in Glass Europe of $92 million was 12% lower than the same period last year due to the timing of furnace rebuild activity and some capacity management initiatives in the quarter.
En Büyük Ülke Verileri, Bölgelere Göre Sektör Analizi, Öne Ç?kan Oyuncular, Geli?en Teknolojiler, E?ilimler ve 2026 ya Kadar Tahminlerle Konu Tamir Tak?mlar? 2021 Pazar Büyüklü?ü – Haber Radikal
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G?da Cam Ambalaj Pazar Büyüklü?ü 2021 Dünya Çap?nda Sektör E?ilimleri, Pay, Brüt Kar Marj?, Gelecek Talep, En Önde Gelen Oyuncuya Göre Analiz ve 2026 ya Kadar Tahmin – Haber Radikal
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Press release content from PR Newswire. The AP news staff was not involved in its creation.
Ardagh Group S.A. - Fourth Quarter and Full Year 2020 Results
February 16, 2021 GMT
Ardagh Group logo 2019 (PRNewsfoto/Ardagh Group S.A.)
LUXEMBOURG, Feb. 16, 2021 /PRNewswire/ Ardagh Group S.A. (NYSE: ARD) today announced its results for the fourth quarter and year ended December 31, 2020. December 31,
Full Year
35
1.44
(27)
(0.11)
0.28
0.15
4.9x
4.5x
Paul Coulson, Chairman and Chief Executive, said: “The Group performed well in the quarter, with strong earnings growth in Metal Beverage Packaging and volume growth in Glass Packaging. The resilience of our businesses, the adaptability of our teams and the outlook for our sustainable products was underlined in 2020. We remain focused on growth and have increased our 2021-2024 Business Growth Investment program from $1.8 billion to $2.1 billion due to additional beverage can opportunities. These highly accretive investments