Verallia: Adjusted EBITDA down 35% in H1
(CercleFinance.com) - Verallia reports adjusted EBITDA of E431m for H1 2024, representing a margin of 24.
4% of sales, compared with E659m for H1 2023, i.e. a margin of 30.8%.
Sales for the glass packaging manufacturer fell by 17.6% to around E1.76bn (-10.4% LFL), with a gradual recovery in volumes in Q2, which remains slower than anticipated.
Two weeks ago, Verallia revised its adjusted EBITDA target for 2024 (previously set at around E1bn), which is now expected to be around that in 2022 (E866m).
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4% of sales, compared with E659m for H1 2023, i.e. a margin of 30.8%.
Sales for the glass packaging manufacturer fell by 17.6% to around E1.76bn (-10.4% LFL), with a gradual recovery in volumes in Q2, which remains slower than anticipated.
Two weeks ago, Verallia revised its adjusted EBITDA target for 2024 (previously set at around E1bn), which is now expected to be around that in 2022 (E866m).
Copyright (c) 2024 CercleFinance.com. All rights reserved.