Ardagh Group sees first quarter revenue up 25%

Ardagh Group has reported a near 25% year-on-year increase in its first quarter revenues to just over €1.2bn.

The Luxembourg-based glass and packaging group, which traces its origins to Irish Glass, also posted an underlying pre-tax profit of €6m for the period, up from a loss of €14m for the same period last year. After income tax charges, the company posted a loss of €10m for the quarter, down on the €18m first quarter loss posted last year.

The group saw revenues rise by 17%, last year, to €4.7bn, with earnings growing by 27% to €792m.