Ardagh Metal Packaging S.A. Ordinary Shares (AMBP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the RDAG Group SA Q2 Quarterly Results Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Herman Trotsky, Chair of RDAG Group. Please go ahead. Thank you very much and welcome, everyone. Thank you for joining us for the RDAG Group Second Quarter 2025 Earnings Call. Let's call for the release of our results earlier today, and I'm joined today by John Sheehan, our group CFO, and by Mike Dick, our CEO of Glass Packaging. Before moving to take questions, we'll make some brief opening remarks covering our second quarter and third quarter performance, our outlook for the full year, and the recapitalization agreement we've also announced today. Our remarks will include certain forward-looking statements which reflect circumstances at the time they're made, and the company expects you, this grant, any obligation to update or revise any forthcoming statements. Actual results and outcomes may definitely vary from those that may be expressed or implied due to a wide range of factors. The group's second quarter financial report can be found at ir.r.group.com. Auto Metal Packaging, or ANP, recently released its second quarter results, and a replay of its earnings score is available on its website. We will not be providing additional information regarding ANP on this score. Beginning with some auto group highlights for the quarter, revenue of $2.5 billion was 4% higher than the same period last year on a constant currency basis, reflecting higher shipments in metal packaging, partly offset by lower revenue in glass packaging. Adjusted EBITDA of $388 million increased by 1% on a reported basis, but was 1% lower than the same period last year at constant currency rates, with growth of 16% in nickel...