Packaging group Ardagh has reported growth in the third quarter of the year, despite the challenging operating environment.

Revenue for the quarter was $1.8 billion, an increase of 4% at actual exchange rates and 2% at constant currency. 

The company also posted a profit of €48m for the three month period, up from a loss of €29m the same time last year.

Glass packaging increased by 4% at constant currency, while metal beverage packaging grew by 1% at constant currency.

The company recorded a 7% increase in metal beverage packaging shipments in the quarter and a 4% in the year to date, with growth recorded in all regions.

It said specialty can shipments increased by 20% in the quarter and by 11% to date in 2020.

Paul Coulson, Ardagh's Chairman and chief executive, said the company's 2020 $250m Business Growth Investment programme has progressed well and will deliver new beverage can capacity in North America later this quarter. 

"In addition, given a very favourable long-term outlook for sustainable packaging, we plan to invest over $1.8 billion in organic growth projects in 2021 to 2024," he said.