reports
Verallia - 3Q16 Results
Glass packager Verallia’s 3Q16 results were unsurprisingly solid with yoy organic sales up 2% to €599m and EBITDA up 3% to €116m. In the same vein as the last two quarters, Europe (87% of sales, -0.4%) was flattish in the wake of a weak grape harvest. Positively, its market share remained stable in the region at 22%, positioning the group as a strong challenger to US’ Owens Illinois (estimated 40% market share). By contrast...​
VERALLIA - 2Q16 RESULTS
The #3 global glass packager Verallia presented solid 2Q16 figures yesterday, hot on the heels of #2 Owens-Illinois results. Organic sales grew by +5% to €643m while EBITDA climbed to €119m (+12%), or an above-peer 18.5% margin. As its rival, the French company is mainly exposed to Europe, representing a huge 90% of sales. The demand for glass bottles has been slowly growing there, fueled by increasing consumption of wine and spirits products and causing organic sales to grow +1%. However, w...
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