Ardagh Group Reports Third Quarter 2026 Results and Announces Agreement to Sell Trivium Stake

Ardagh Group S.A. reported its financial results for the third quarter ended September 30, 2026, posting an Adjusted EBITDA of $392 million, which is broadly unchanged compared to the same period in the prior year. The company also announced an agreement to sell its entire ~42% stake in Trivium Packaging B.V.

Financial Performance and Liquidity

For the third quarter of 2026, Ardagh Group's Adjusted EBITDA reached $392 million, representing a 2% decrease on a constant currency basis. Last Twelve Months (LTM) Adjusted EBITDA stood at $1,466 million, reflecting a 9% annual growth. Total cash and available liquidity were reported at $1,470 million as of September 30, 2026.

• Ardagh Metal Packaging (AMP): Reported Adjusted EBITDA growth of 2% to $213 million, with global shipments increasing by 2% driven by a 6% growth in Europe.
• Ardagh Glass Packaging (AGP): Reported Adjusted EBITDA of $179 million, a 4% decline (-6% at constant currency), with global shipments decreasing by 1%.
• Net Debt: Net debt to Adjusted EBITDA reduced to 6.0x at the end of the quarter, down from 7.8x at the end of the prior year quarter.

Proposed Glass Capacity Actions and Trivium Sale

AGP is reviewing its European manufacturing capacity due to subdued demand and is proposing to close a furnace at its Holmegaard facility in Denmark and a facility furnace at Knottingley in the UK, pending discussions with employee representatives. Supply will continue to be met from other facilities.

Additionally, following a decision by the majority shareholder to sell its stake in Trivium Packaging B.V., Ardagh Group announced it has entered into an agreement to sell its ~42% stake in a transaction valuing Trivium at approximately $3.4 billion. The proposed sale is expected to close in mid-2027, subject to regulatory approvals and works council consultations, with estimated net cash proceeds of approximately $90 million.

Legal Update and Next Steps

A Luxembourg district court summary judge withdrew an order that previously prohibited Ardagh Holdings S.A. from proceeding with a sale of its interests in Ardagh Metal Packaging S.A. Consequently, the company has re-engaged advisers to prepare for a potential sale process. Investors can verify announcements and financial reports directly through the Ardagh Group investor relations web portal.