Verallia : On track for a gradual recovery
>Market environment under pressure - At a road show, management (CEO, CFO, HIR) explained in great detail the reasons why it chose to lower its guidance. Market conditions are behind the fall in volumes seen since the end of Q3 2023. This decline is due to lower demand (e.g. beer and spirits markets, etc.) and destocking after a very strong recovery in the post-Covid market. The European glass market dropped 12% in 2023, after sharp increases in 2021-22 vs a 10-year a...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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