Ardagh Group record 1% revenue growth ahead of planned 2015 IPO

Earnings before interest, tax and amortisation (EBITA) at Ardagh Group for the second quarter of the year was €204m — a 6% increase over the same period in 2013. EBITA for the full year to the end of June was €760m. 

Group-wide revenue over the second quarter was €1,281m, which is a 28% increase over the second three months of 2013. Stripping out the effects of its VNA acquisition, group wide revenue was 1% ahead of the same period in 2013.

Ahead of an initial public offering planned for the second half of 2015, the company restructured a significant amount of debt in July.