Double-Digit Disaster: 10 Big Names Fall Off the Cliff

Page 5 of 10

6. Ardagh Metal Packaging S.A. (NYSE:AMBP)

Ardagh Metal dropped its share prices by 16.38 percent on Thursday to close at $3.88 apiece as investors did not seem impressed by its earnings performance in the second quarter of the year.

In a statement, Ardagh Metal Packaging S.A. (NYSE:AMBP) said that revenues increased by 15 percent to $1.455 billion during the period from $1.259 billion in the same quarter last year.

However, net income was only $5 million, albeit higher by 150 percent than the $2 million registered in the same period last year.

Looking ahead, Ardagh Metal Packaging S.A. (NYSE:AMBP) is expected to post adjusted EBITDA between $705-$725 million in the full-year period, with the figure already reflecting both improved underlying performance and favorable currency movements.

“Global beverage can growth continues to benefit from innovation and share gains in our customers’ packaging mix, and we still anticipate only a minimal impact to our business arising from tariff measures announced,” said Ardagh Metal Packaging S.A. (NYSE:AMBP) CEO Oliver Graham.

Page 5 of 10