Metal Packaging Investment Paying Off For Ardagh Group, Analyst Says
Investment in its metal beverage packaging business, particularly in the US, has provided packaging giant Ardagh Group with a "platform for future growth", a leading industry analyst has said.
Flor O'Donoghue of Davy was commenting as Ardagh announced a 5% increase in revenue in the fourth quarter of its financial year, to $1.7 billion, with metal beverage packaging revenue rising by 9% and glass packaging revenue rising 1%.
"Ardagh successfully negotiated the unexpected and sudden challenges that emerged last year," O'Donoghue wrote in a briefing note.
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