Report
Jean-François Granjon

Verallia : Feedback from road show – Resilience and prospects intact – Target price revised up to € 34 (vs € 32)

>Slight upward revision to our earnings sequence - Following a road show (German investors) with management (CFO and HIR), our conviction is confirmed (Buy) whilst the group confirmed its medium-term targets.Lessons from the first half. The H1 performance confirmed the resilience of the business and profitability despite the capital-intensive nature of this activity. With an organic decline of 0.9% (+4% in Q1 and -5.4% in Q2), the group limited the decline in the...
Underlying
Verallia SAS

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean-François Granjon

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