Verallia: confirms EBITDA target for 2023
(CercleFinance.com) - The glass packaging group's sales reached E3,075m over the first 9 months of 2023, up 22.
1% y-o-y as reported.
LFL sales growth reached +22.5%.
9m EBITDA increased significantly to E915m (+39.9% compared to 9m 2022). Meanwhile, its adjusted EBITDA margin increased to 29.8% over the period, from 26.0% over 9m 2022. This remained high in Q3 at 27.5% (vs. 26.0% in Q3 2022), despite the slowdown in business.
Strengthened by its fundamentals (positive inflation spread and performance improvement plan) and its capacity for adaptation, Verallia confirms its target of achieving adjusted EBITDA of over E1.1bn in 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
1% y-o-y as reported.
LFL sales growth reached +22.5%.
9m EBITDA increased significantly to E915m (+39.9% compared to 9m 2022). Meanwhile, its adjusted EBITDA margin increased to 29.8% over the period, from 26.0% over 9m 2022. This remained high in Q3 at 27.5% (vs. 26.0% in Q3 2022), despite the slowdown in business.
Strengthened by its fundamentals (positive inflation spread and performance improvement plan) and its capacity for adaptation, Verallia confirms its target of achieving adjusted EBITDA of over E1.1bn in 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.