Verallia reported an increase in organic volume growth for the first quarter of 2025.
This acceleration builds on an upward trend that began in Q3 2024.
It also reported a positive impact from its acquisition of Vidrala’s former facility in Corsico, Italy.
Other figures include:
- Quarterly revenue at €818 million, down by -2.2% compared to Q1 2024, due to lower prices.
- Adjusted EBITDA at €147 million compared to €204 million in Q1 2024. This was affected by a negative inflation spread and a temporary negative inventory variation impact.
- Net debt ratio at 2.3x last 12-month adjusted EBITDA, despite an improvement in free cash-flow over the quarter compared to Q1 2024; robust liquidity of €928 million on March 31, 2025.
Patrice Lucas, Group Chief Executive Officer, said: “In the first quarter, Verallia was able to take advantage of the gradual normalisation in the market environment to return to volume growth.
“Our margin contracted due to the combined impact of an unfavourable inflation spread and a temporary negative finished good inventory variation effect.
“In this context, the group maintained tight control over its expenses and the Performance Action Plan (PAP) once again proved to be effective.
“Even though market conditions lead us to update our 2025 adjusted EBITDA target, we remain fully committed to continue to adapt to the evolution of the environment with agility and we raise our 2025 free cash-flow generation target.”
