Glass bottle and metal container firm Ardagh has reported a loss of $29m for the three months to the end of September as its revenues dipped 1% due to currency issues.
But on an underlying or constant currency basis, the company's revenues were actually up 2% to $2.377 billion.
Ardagh's group adjusted EBITDA rose by 6% to $424m from $400m on the back of gains in Glass Packaging Europe and Metal Beverage Packaging Americas.
Ardagh also said it had completed the combination of its Food & Speciality Metal Packaging business with the business of Exal Corporation - a big producer of aluminium containers - to form Trivium Packaging.
The deal, which was outlined in July, sees Trivium Packaging become one of the largest metal packaging companies in the world.
Paul Coulson, chairman and chief executive of Ardagh, will be chairman of Trivium. Michael Mapes, CEO of Exal, will be the new company's CEO.
Ardagh holds a 43% stake in Trivium, with 57% controlled by the Ontario Teachers' Pension Plan Board.
Ardagh also received about $2.5 billion in cash proceeds from the deal.
Paul Coulson, Chairman and CEO of Ardagh said the group reported a strong performance in the third quarter, with notable growth in Glass Europe and Metal Americas.
"We took advantage of favourable markets during the quarter to further improve our debt maturity profile and obtain material interest savings," he said.
"We completed the Trivium transaction today, with cash proceeds of $2.5 billion to be used for debt reduction," he added.
