Verallia reported a sales increase of 4.5% last year – thanks in part to the Brazilian beer market.

The French container glassmaker reported revenue at €2,473.7 million for 2017 with adjusted EBITDA of €504.1 million, up 7.9% year-on-year.

In South America its revenue increased by 11% thanks to an increased level of activity in Brazilian beer bottle volumes.

It added that the negative impact of the Argentinean Peso depreciation was partly compensated by the appreciation of the Brazilian real against the Euro.

In Europe, revenue increased by 3.7%, supported by higher volumes in France and Spain in particular as well as an improved manufacturing performance, which partly offset the production costs inflation.