Growth Markets
July 28, 2026
Ardagh Metal Packaging raises full-year guidance
Written by Stephanie Ritenbaugh
Ardagh Metal Packaging (AMP) upgraded its full–year 2026 EBITDA guidance to a range of between $775 million to $790 million, as the second quarter saw shipment growth in Europe.
The new range is up from a range of $750 million to $775 million.
In the Americas, Ardagh reported second-quarter revenue increased 21% to $1.01 billion. The increase reflects the pass-through of higher input costs to customers, partly offset by unfavorable volume/mix effects.
North American shipments fell by 5% due to lower volumes after contract resets, the impact of metal supply chain challenges at the beginning of the quarter, and the cycling of a strong prior-year comparable of 8% year-over-year growth.
Conversely, in Europe, shipment volumes increased 5%, supported by higher demand for carbonated soft drinks and energy drinks, along with additional production under recently awarded customer contracts.
Overall, global shipments declined 1% in second quarter of 2026.
The company maintained its expectation for low-single-digit industry growth in North America in 2026.
“Underlying demand dynamics in the industry remain robust with strong industry scanner data year to date, apart from the beer category, to which AMP has only a low-single-digit exposure,” CEO Oliver Graham said.
He added that the energy drink category continues to grow and that the company sees ongoing demand for specialty can formats.
“As previously indicated, we anticipate 2026 being a transition year for AMP, with a small full-year volume decline following some contract resets, but with a more favorable second-half volume performance expected versus the first half,” Graham said. “We also expect to return to growth in 2027, at least in line with the industry, on the back of having secured additional customer filling locations.”
