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AMP Ardagh Metal Packaging Mp Ardagh Metal Packaging S.A. – Third Quarter 2021 Results Ardagh Metal Packaging S.A. ( NYSE : AMBP ) today announced results for the third quarter ended September 30 , 2021 . Revenue ( Loss ) / profit for the period Adjusted EBITDA ( 2 ) Loss per share Adjusted earnings per share ( 2 ) • Three months ended September 30 , 2021 2020 ( 1 ) Change Constant Currency $ ' m S'm 1,038 899 15 % 14 % ( 178 ) 52 176 151 17 % 15 % ( 0.32 ) 0.14 Oliver Graham , CEO of Ardagh Metal Packaging , said " We delivered strong earnings growth in the quarter , with Adjusted EBITDA increasing by 17 % to $ 176 million . AMP's diversified customer base and end markets , as well as our operational agility , served us well in the quarter and enabled us to manage softness in the hard seltzer end market . We are modestly raising our full year 2021 earnings outlook , despite a highly inflationary environment for costs . We are committing to strategic new growth initiatives in the United Kingdom and the southwestern United States as we respond to strong demand for sustainable metal packaging . Both projects involve multi - line beverage can production facilities , with production commencing in 2023 and 2024. " Revenue growth of 14 % at constant exchange rates to $ 1,038 million , with Americas increasing by 16 % and Europe by 11 % . Adjusted EBITDA growth for the quarter of 15 % to $ 176 million at constant currency , with the Americas increasing by 28 % as a result of favorable mix . Europe Adjusted EBITDA was modestly higher , reflecting a strong prior year third quarter . LTM Adjusted EBITDA to September 30 , 2021 increased to $ 637 million , from $ 545 million at December 31 , 2020 . Adjusted EBITDA margin for the quarter increased to 17.0 % ( Q3 2020 : 16.8 % ) . Global beverage can shipments were 6 % lower in the quarter , of which over 3 % was attributable to the residual impact of the cyber security incident . Excluding this , Americas shipments declined by low - single digits , principally due to hard seltzer weakness in North America and some market softness in the winter season in Brazil relative to a strong comparable . In response , AMP successfully pivoted to other stronger - growing beverage markets during the quarter . In Europe , where we are capacity constrained until 2022 pending new capacity coming online , lower shipments reflected a very strong prior year comparable , with growth of 10 % . Specialty cans represented 44 % of shipments during the quarter . Growth investment program largely on track , despite global supply chain challenges , and set to deliver significant additional capacity for 2022 and beyond . Olive Branch ( MS ) ramp up of two new high - speed lines is well advanced , while Winston Salem ( NC ) can lines will commence production around year end . Huron ( OH ) brownfield facility to begin ends production later this quarter , with can production commencing in early - 2022 . Third quarter growth investment spend of $ 121 million . Strategic additional growth initiatives planned in the United Kingdom and the southwestern United States . Both projects involve multi - line beverage can production facilities , with production commencing in 2023 and 2024 . Total liquidity in excess of $ 0.8 billion at September 30 , 2021 , including a newly executed $ 325 million ABL facility . • Full year 2021 Adjusted EBITDA to be at least $ 660 million compared with the previously - guided at least $ 654 million . 1 Ardagh Metal Packaging M