Verallia : Excellent H1 performance – Strong resilience – reassuring 2020 targets
>H1 results beat our expectations - Verallia published H1 results higher than we had expected. Sales came out at € 1,274.6m (€ 1,215.9m estimated) vs. € 1,329.4m, down 4.1% and down just 0.9% in organic terms. They reflect a decline of 5.4% in Q2 (€ 629.9m, € 571.1m estimated) compared with organic growth of +4% in Q1. Ebitda came out at € 298.7m (€ 272.1m estimated) vs. € 312.8m, down just 4.5%, giving a margin of 23.4% (vs. 23.5%, -10bp). Ebitda in Q2 came out at € ...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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