French container glass manufacturer Verallia grew its revenue in the first half of the year thanks to the lifting of restrictions.
It reported increased revenue growth of 4.2% compared to last year in its latest financial report.
Its chairman, Michel Giannuzzi, said: “After a first quarter still adversely affected by the health restrictions, the reopening of cafés, hotels and restaurants in the second quarter allowed Verallia to record robust organic revenue growth over the six‐month period.”
Revenue in the first half of 2021 was €1,328 billion, a 4.2% increase compared to the same period last year.
After a slow start to the year due to lockdowns, business improved dramatically in the second quarter, which saw a strong recovery in all countries.
The gradual reopening of the on‐trade channel (HoReCa ‐ Hotels, Restaurants and Cafés) during the second quarter of 2021 boosted growth.
All product categories posted strong sales in the second quarter compared with last year, except for
food jars, which were particularly buoyant in 2020 during the lockdowns in the second quarter.
Spirits rebounded sharply in the second quarter as exports to Asia and the United States picked up.
In Europe, sales of spirits rocketed after being hit hard in the first half of 2020. Sales of still wine and beer also recorded strong growth.
Sparkling wines picked up thanks to Italy and brisk sales of Prosecco.