Verallia - A normalization is expected after an exceptional 2023 financial year
The devaluation of the Argentinian peso hit growth hard at the end of the year, even though it will have been much higher in 2022 and 2023.Record results despite downward revision of sales figuresReduced short-term visibility in a deteriorating environmentAffordable valuation and a yield of over 6% at the current priceBUY opinion maintained with target price unchanged at €42 per shareVerallia 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.
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