Vidrala : 2024 guidance reflects more supportive pricing environment and stronger contribution from Brazil
>Q1 2024 results above estimates on strong contribution from Brazil - Vidrala’s Q1 2024 results came a touch above our estimates favoured by strong inorganic growth (+7.9% in sales and +12% in EBITDA on the full consolidation of Vidroporto) as organic contribution was limited to +1.4% in sales and detracted -4.7% in EBITDA. EBITDA margin stands at 26.2% (40bp contraction) compared to our 25% estimate thanks to the strong contribution from Brazil (42.7% EBITDA margin) ...Vidrala SA is a Spain-based company principally engaged in the glass industry. The Company operates through two segments: Spain and European Union. The Company's activities include the production, distribution and sale of glass bottles and containers used in the food and beverages industries. The Company conducts its own research and development (R&D) operations. It operates production plants and melting furnaces located in such countries, as Portugal, France, Belgium and Italy. The Company owns such subsidiaries as Crisnova Vidrio SA, Inverbeira Sociedad de Promocion de Empresas SA, Gallo Vidro SA, Castellar Vidrio SA, Corsico Vetro SRL, MD Verre SA, Omega Immobiliere et Financiere SA, Investverre SA and CD Verre SA.
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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