Vidrala : Dramatic margin compression on energy costs, confident tone in guidance
>Worst EBITDA margin on record due to energy inflation - Vidrala’s Q1 2022 results significantly undershot our estimates (EBITDA -10%e, -63% y-o-y) on extraordinary high inflation in the sector (+60%) which dragged EBITDA margins to historical low levels (8.3%) as prices failed to reflect rising input costs and energy hedging levels proved insufficient. Vidrala sales (+17% organic growth: +7% volumes, +10% prices) reflected the strong underlying demand dynamics of the...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.