Verallia : Upturn in volumes confirmed, FY targets unchanged
>Q3/9m results in line with our expectations - Verallia reported € 870.6m in Q3 revenues (€ 897m estimated, € 875.4m for consensus) vs. € 931.8m, down 6.6% and -4.7% organically, mainly due to price cuts. 9M revenues came in at € 2,635.2m (€ 2,661.6m estimated, € 2,640.0m for consensus) vs. € 3,074.5m, down 14.3% and -8.7% organically, reflecting a slower decline in revenues. Q3 EBITDA came in at € 210m (€ 215m estimated, € 216.6m for consensus) vs € 256.1m, down 1...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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