Verallia continued to have solid profitability in 2024, despite volumes being under pressure.
In 2024, the group generated revenue of €3,456.1 million, down 11.5% on a reported basis compared to last year.
Adjusted EBITDA was €842.5 million, compared to €1,108.0 million in 2023.
Beer volumes have improved, while spirits posted the largest decline in volume.
Other segments posted a slight year-on-year decline despite a rebound in the second half of 2024.
In Q4, organic volume growth and adjusted EBITDA was up 4.3% to €201.2 million, compared to €192.9 million in 2023, with a 24.5% margin.
This was driven by good momentum in wines, beer and food jars.
Patrice Lucas, CEO of Verallia, said: “Following an exceptional year in 2023, Verallia successfully adapted to the uncertainties of 2024, marked by ongoing destocking effects that weighed on demand recovery.
“The group continues to demonstrate robust profitability, underpinned by solid fundamentals.
“We have maintained stringent cost and investment management while advancing our strategic initiatives, including the inauguration of the first 100% electric furnace in Cognac and the completion of a new acquisition in Italy.
“In the face of a still uncertain market environment, our priority for 2025 will be cash generation, with strict cost control and the continued positive impact of the Performance Improvement Plan (PAP).”
In addition, Verallia achieved a reduction in Scope 1 & 2 CO2 emissions in 2024 by -9.4% vs. 2023, in line with its 2030 target.
In 2025, it will continue to implement its CSR roadmap with the start-up of its hybrid furnace in Zaragoza, Spain.
