Verallia : The bottle is half empty...or half full... – New target price of € 34 (vs € 40)
>Still recovering - As we mentioned at end-July following a road show with management, the weakness in volumes is due to lower demand (see comments from beverages and spirits companies, etc.) and also a destocking phenomenon after the post-Covid upturn. The improvement in stocks in the chain is difficult to gauge. Following a company contact, we understand that the improvement is gradual. The destocking trend is gradually diminishing. Volumes should gradually return t...Verallia SAS Formerly known as Verallia SASU. Verallia SASU is a France-based company, which operates as a producer of glass packaging solutions. The Company manufactures a number of jars and bottles for various markets, including the still and sparkling wine, spirits, food, as well as the beer and nonalcoholic sectors. Apart from France, the Company also operates in many countries in Western Europe, Eastern Europe and South America, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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