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 |
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