Steven Diaz

Steven Diaz asked for details on the operational efficiencies and savings expected in 2026, including their potential sizing, benefits, and whether they are specific to certain regions or a result of operational challenges falling off. He also sought updates on the Ardagh Group restructuring and any potential changes to strategy or capital allocation.

Answer

CEO Oliver Graham explained that operational efficiencies and savings are annual improvements across the entire network, focusing on areas like can weighting, spoilage reduction, and lean activities, designed to offset some North American volume weakness. He confirmed that there are absolutely no changes to AMP's strategy or capital allocation policy following the Ardagh Group restructuring, emphasizing the company's consistent performance and guidance.