Brief: Verallia Confirms 2023 Adjusted EBITDA Target

Verallia SA

19/10/2023 17:47

Oct 19 (Reuters) - Verallia SA  VRLA.PA :
    * 2023 ADJUSTED EBITDA TARGET CONFIRMED ABOVE €1.1 BILLION
    * INCREASE IN 9M REVENUE TO €3,075 MILLION, I.E. +22.1%
COMPARED
WITH THE FIRST 9 MONTHS OF 2022 (+22.5% AT CONSTANT SCOPE AND
EXCHANGE RATES)
    * 9-MONTH ADJUSTED EBITDA €915 MILLION, UP FROM €654 MILLION
IN 9M
2022 (+39.9%)
    * 9-MONTH ADJUSTED EBITDA MARGIN AT 29.8%, UP FROM 26.0% IN
9M
2022 (27.5% IN Q3 2023 COMPARED WITH 26.0% IN Q3 2022)
    * HYPERINFLATION IN ARGENTINA: NET IMPACT ON REVENUE DURING
THE
FIRST NINE MONTHS OF 2023 AMOUNTED TO €(3.6) MILLION

Source text for Eikon:  ID:nBw24lyfNa 
Further company coverage:  VRLA.PA 

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