Okay. Our investments in Huron, Ohio, Winston-Salem in North Carolina and Olive Branch, Mississippi position us favorably for future growth. So exactly. There's no reason to believe we don't revert to a more normal promotional activity for these categories. There's been a lot of inflation there over the last couple of years. Together with the cash held in Gores Holdings Vs trust account, additional investors have committed to participate in the proposed business combination by purchasing 60 million shares of AMP for an aggregate purchase price of $600 million in a private placement (the PIPE) at $10.00 per share. And so I think that although there is capacity in the market, I think it's being managed in a good way. We're seeing some crosscurrents, some categories are weaker, but then and maybe related to the consumer. To the extent that you have sort of implemented what I'll call the pass-through model for energy and other inflationary components into your contracts for that geography, should we then think about, all else equal, if '23, there's deflation relative to '22 that you would be passing that on to your customers in '24? It also reported full year 2023 adjusted earnings before interest, taxes, depreciation, and amortisationings (EBITDA) growth of the order of 10%, weighted towards the second half of the year. The conference call will be accompanied by a detailed investor presentation. Ardagh Metal Packaging S.A. and Gores Holdings V Announce Completion of [Operator Instructions]. A partner of choice for beverage companies, AMP is known for its outstanding quality and customer service and is the only pure play metal beverage can producer of scale in the market today. This press release relates to the proposed Business Combination. And therefore, that growth we see having zero impact on our growth because our growth will be much more significant given the capacity position, given the consumer adoption of the can and given the significant shift we expect out of two-way. Oliver, the full year guidance, I think, implies a pretty strong second half earnings inflection, and I'm just wondering if you can speak to that. Could you talk a little bit about maybe the buying patterns, the destocking trends that you've seen? We recorded revenue of $1.1 billion, which represented a growth of 2% on a constant currency basis, predominantly reflecting higher volumes. Being infinitely recyclable, a glass bottle or jar can be made into a new one over and over again, with no loss in quality or purity. Yes. We delivered a solid performance in the first quarter and met our market guidance. Ardagh Claude Marbach beverage can . We look forward to talking to you all at our Q2 results. The decrease in Adjusted EBITDA was principally due to negative volume/mix effects (including the seasonal rebalancing of the contract asset margin), partly offset by the pass through to customers of higher input costs. And I think it just will depend a lot on which customers and which segments you're in. Privacy Policy and Ardagh Metal Packaging S.A. - First Quarter 2023 Results - Yahoo Finance
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