Report
Luis de Toledo Heras

Vidrala : Resilient profitability in a tougher demand environment in Iberia

>Results in line with estimates with limited organic growth contribution - Vidrala’s H1 2024 results were fully in line with our estimates with very limited organic growth contribution in H1 2024 (+0.7% in Sales) and a negative organic EBITDA evolution (-2.4%, fully attributable to Iberia), which was offset by positive scope effects (+2.8% in sales and +6.1% at EBITDA) following the consolidation of Vidroporto in Brazil and the divestment of Italy. Iberia recorded a s...
Underlying
Vidrala SA

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.

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
Luis de Toledo Heras

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