Ardagh Metal Packaging accelerates UK and Spain can line builds, raises 2026 guidance

Ardagh Metal Packaging is accelerating and upsizing previously announced investments to build two new beverage can lines at existing plants in the UK and Spain, backed by customer commitments, with growth capital expenditure rising from USD 90m in 2026 to approximately USD 250m in 2027. The company raised its full-year 2026 adjusted EBITDA guidance to USD 785m-795m after third-quarter adjusted EBITDA of USD 213m beat its forecast on 2% global shipment growth, led by a 6% rise in Europe.

Why this mattersCustomer-backed can lines in the UK and Spain, where AMP says European capacity is tight, add supply from 2028 and signal sustained beverage can demand.

• Growth capex to rise from USD 90m in 2026 to approximately USD 250m in 2027 to fund two new can lines in the UK and Spain
• AMP expects the new lines to drive meaningful European adjusted EBITDA growth from 2028
• Full-year 2026 adjusted EBITDA guidance raised to USD 785m-795m
• Q3 2026 adjusted EBITDA was USD 213m, ahead of management's guidance
• Europe Q3 revenue rose 11% to USD 693m and adjusted EBITDA rose 11% to USD 91m, with shipments up 6%
• Net leverage stood at 5.1x adjusted EBITDA and liquidity was USD 736m at quarter end

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