Trivium Packaging Improves Profitability in 2024 despite Revenue Decline

Trivium Packaging, a global leader in metal packaging solutions, presented its financial results for the fiscal year 2024, highlighting a significant improvement in its operating profitability and a reduction in its debt, despite a context of declining revenues.

During 2024, Trivium’s consolidated revenues reached 2,937 million dollars, representing a 5% decrease compared to 2023. However, the company managed to increase its adjusted EBITDA by 4%, up to 452 million dollars, which raised the adjusted EBITDA margin to 15.4%, compared to 14.1% the previous year.

Net loss decreased considerably, from 111 million in 2023 to 72 million dollars in 2024, reflecting more efficient financial management.

Meanwhile, net capital expenditure contracted by 13%, standing at 117 million dollars, while net debt reduced by 7%, to 2,534 million dollars. The available liquidity at the end of the fiscal year amounted to 554 million dollars.

EAA (Europe, Asia and Africa)

The EAA segment recorded a 7% drop in revenues, to 1,724 million dollars, mainly due to lower selling prices linked to reduced input costs. Even so, adjusted EBITDA increased by 1%, supported by operational and efficiency improvements.

AGAB (Americas)

In America, revenues fell by 2%, reaching 1,213 million dollars, while adjusted EBITDA grew by a notable 9%, benefiting from efficient cost management that countered the negative effects of volume and mix.

Trivium continues to rely on diversified funding sources, such as global credit lines (with $210 million available in its ABL facility) and factoring programs, which allowed the sale of $317 million in accounts receivable at the end of the fiscal year.

During 2024, the company reinforced its sustainability strategy based on three pillars:

• Customers: Promoting more sustainable packaging solutions.
• Planet: Optimizing processes to reduce environmental impact.
• People: Fostering safe, inclusive, and responsible work environments.

Among the notable achievements are:

• Validation of its CO₂ emissions reduction targets by the Science-Based Targets Initiative (SBTi).
• Obtaining the EcoVadis Platinum rating for the fourth consecutive year.
• Inclusion in the CDP Climate A List, for the second consecutive year.

Balance Sheet Strengths

• Total assets: $4,752 million
• Total debt: $2,929 million
• Equity: $483 million
• Cash and financial assets: $344 million

Indicator	2024	2023
Total revenues ($M)	2,937	3,098
Adjusted EBITDA ($M)	452	436
Adjusted EBITDA margin (%)	15.4%	14.1%
Net loss ($M)	(72)	(111)
Net debt / Adjusted EBITDA	5.6x	6.3x
Net capital expenditure ($M)	117	134
Cash and financial assets ($M)	344	246