The multinational Crown Holdings, specialized in metal packaging, has started the year strong. The company exceeded its expectations for the first quarter of 2025, driven by an increase in demand for food and beverages in various markets, as well as operational improvements and savings derived from its restructuring plan.
The CEO, Tim Donahue, highlighted during the presentation of results that the company is well-positioned despite global uncertainties: “In times like these, we remember that being in the can business is a good bet.”
Between January and March, Crown recorded a 1% increase in global beverage can volumes, with notable increases of 11% in Brazil, 5% in Europe, and 2% in North America. In the food can segment, volumes grew by 16% in North America, driven by demand for vegetable products and pet food.
The company also reached a milestone: for the first time, its adjusted EBITDA in the last 12 months exceeded 2 billion dollars.
Regarding the impact of tariffs, Crown estimates a total exposure of less than 30 million dollars, thanks to its localized production model and contracts that contemplate adjustments for tariffs. However, they acknowledge that the Asia-Pacific region could be more vulnerable to current trade tensions.
Looking ahead to summer, Crown is preparing for a strong season, accumulating inventory in the face of limited supply and a growing transition towards the use of aluminum cans. “That conversion from other materials not only continues but seems to be accelerating”, stated Donahue.
In this context, the company raised its annual forecast, projecting 450 million dollars in capital investment and a free cash flow of 800 million. It also expects to reach a new EBITDA record in 2025, repeating the trend of the previous two years.
Ardagh Metal Packaging starts 2025 with a first quarter above expectations
21% revenue growth in the North American canned beverage market
Crown’s third quarter closes with slight increase in sales compared to last year
Crown takes advantage of the sale of Eviosys by KPS
CROWN HOLDINGS ANNOUNCES STRONG FIRST QUARTER 2022 RESULTS
CROWN HOLDINGS’ STOCK MARKET FALL WILL NOT AFFECT ITS GOOD RESULTS
