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BRIEF-Ardagh Group Announces Second Quarter Adjusted Earnings Per Share Of $0.48

Published 2019-07-25, 07:48 a/m
© Reuters.  BRIEF-Ardagh Group Announces Second Quarter Adjusted Earnings Per Share Of $0.48

July 25 (Reuters) - Ardagh Group SA ARD.N :

* ARDAGH GROUP S.A. - SECOND QUARTER 2019 RESULTS

* Q2 ADJUSTED EARNINGS PER SHARE $0.48

* Q2 EARNINGS PER SHARE $0.29

* Q2 REVENUE $2.268 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.33 BILLION

* Q2 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA

* FULL YEAR 2019 OUTLOOK RE-ITERATED, WITH Q3 ADJUSTED EBITDA OF $410-$420 MILLION

* UPON DEAL CLOSE , ARDAGH WILL HOLD APPROXIMATELY A 43% STAKE IN TRIVIUM, WITH 57% CONTROLLED BY ONTARIO TEACHERS'

* JOHAN GORTER HAS DECIDED TO RETIRE AS CEO OF GLASS; SHAUN MURPHY WILL JOIN CO AS COO

* ARDAGH TO RECEIVE ABOUT $2,500 MILLION IN CASH PROCEEDS, RELATED TO THE DEAL

* SHAUN MURPHY WILL JOIN ARDAGH AS CHIEF OPERATING OFFICER ON SEPTEMBER 16, 2019

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