Verallia Reports Q3 2024 Results Amid Market Challenges

Verallia's Q3 2024 results show a return to moderate organic volume growth despite a challenging market. Revenue for the third quarter was reported at €871 million, a 6.6% decline from Q3 2023. The company's adjusted EBITDA for the period was €210 million, down from €256 million the previous year, with a margin of 24.1% compared to 27.5% in 2023.

The net debt ratio rose to 2.3x the last 12 months adjusted EBITDA, influenced by the acquisition of Vidrala's glass business in Italy. The recent inauguration of a 100% electric furnace in Cognac marks a significant step in decarbonization efforts, reducing CO2 emissions by 60%.

Despite the challenging environment, Verallia maintains its EBITDA target for 2024, reflecting strategic efforts in operational management and cost control. The company remains focused on sustainability initiatives, demonstrated by advancements in energy-efficient production technologies.