Verallia reports net income for 2023 up sharply by 33.7% to 475 million euros, or 4.02 euros per share, with an improved adjusted EBITDA margin of 28.4% (+256 bps), reaching the target of the 2022-24 plan (28-30%) a year ahead of schedule.

The glass packaging manufacturer achieved sales growth of 16.5% to 3.9 billion euros (+21.4% at constant exchange rates and scope of consolidation) 'in a deteriorated market environment, particularly in the second half of the year'.

A dividend of 2.15 euros per share will be proposed for the past year. Looking ahead to 2024, Verallia is confident in its ability to achieve adjusted EBITDA of around €1 billion this year.

Copyright (c) 2024 CercleFinance.com. All rights reserved.