Report
Joan Sehim

Ardagh : Heading towards tough 2023

The year 2023 will not be easy. The metal can beverage market is not so rosy anymore as pressured consumers’ purchasing power is increasingly weighing on volumes. Growth went from double-digit to low-single digit in just one year, and it could get even worse in the coming months. In this context, capex cuts have been crucial but remain insufficient to enable deleveraging at Ardagh Metal Packaging level in 2023, as some new capacities are being opened while generous shareholder re...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Joan Sehim

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