Verallia - price inflation in LatAm to boost 4Q16, encouraging prospects for 2017
​Verallia, the French glass packager, released satisfactory 4Q16 results yesterday, keeping with previous quarters. Yoy organic sales were up 3% (-1% on reported basis) to €2.4bn and EBITDA jumped 11% to €462m, or a good 19.5% margin. The European market (88% of sales) was flat, with both a slight increase in demand from vineyards but also softer prices to pass through lower raw materials.
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