
Ardagh Metal's Q2 Revenue increased 17.7% to $1.71 billion, while adjusted EBITDA reached $240 million. European revenue advanced 13%, supported by 5% volume growth, favourable pricing, and improved input-cost recovery. Contract resets, weaker Brazilian shipments, and residual metal-supply issues weighed on performance, but easier comparisons and improved contract economics could support an Americas recovery. Valuation remains supportive, and Ardagh Metal Packaging increased its EBITDA outlook. We confirm our buy rating.










