Verallia produces glass packaging for beverages and food products. Credit: Petra Blahoutová / Pixabay.

French glass packaging manufacturer Verallia has reported a 24.5% growth in revenue for the first nine months of fiscal 2022 (FY22) to €2.51bn ($2.47m) on a reported basis from the same period of fiscal 2021 (FY21).

At a constant exchange scope and rates, the company’s revenue increased by 24.4% during the period, or 21.5% excluding its Argentinian operations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Verallia saw its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rise by 24% to €654m during the nine months.

Its adjusted EBITDA margin stood at 26% for the nine-month period, against 26.1% in FY21.

During the third quarter (Q3) of the year, Verallia recorded revenue of €879m, up by 26.5% on a reported basis and 27.5% at constant exchange rates and scope compared with Q3 2021.

The company’s adjusted EBITDA for Q3 was €228.8m, up from €182.9m in the same period of FY21, while its adjusted EBITDA margin was 26% in Q3 2022, against 26.3% in Q3 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Verallia CEO Patrice Lucas said: “These excellent third-quarter results follow on from a strong first half.

“Revenue growth remained high despite the slight expected decline in volumes due to less available capacity.

“Adjusted EBITDA also continued to grow thanks to a positive inflation spread over the period, the improved operational efficiency that resulted from our Performance Action Plan, and unprecedented momentum across Latin America.”

In response to higher year-end visibility and strong third-quarter results, Verallia has increased its adjusted EBITDA target for FY22 to more than €820m, compared with its previous expectation of €750–800m.

The company plans to start lighting its new furnace in Jacutinga, Brazil, on 9 November.

Earlier this year, Verallia reported a 24% increase in revenue to €750m for the first quarter (Q1) of FY22.

The company suspended production at its facility in Zorya, Ukraine, in March this year following Russia’s invasion.