Brief: Verallia SA - Verallia Adjusts Revenue Guidance Down

Verallia SA

19/12/2023 17:29

Dec 19 (Reuters) - VERALLIA SA  VRLA.PA :
    * VERALLIA WILL RECORD YEAR-ON-YEAR REVENUE GROWTH BELOW THE
ANNOUNCED 20 % BUT CONFIRMS ITS ADJUSTED EBITDA TARGET OF MORE
THAN €1.1 BN IN 2023
    * BELIEVES THAT THE CONVERSION IMPACT OF ITS LOCAL TURNOVER
INTO
EUROS WILL PREVENT IT FROM REACHING ITS YEAR-ON-YEAR
CONSOLIDATED REVENUE GROWTH TARGET OF AT LEAST 20 % IN 2023.
    * DEVALUATION OF ARGENTINIAN PESO BY MORE THAN 50% IS
RESPONSIBLE
FOR REDUCTION IN REVENUE OUTLOOK

Source text for Eikon:  ID:nBw2G9xpa 
Further company coverage:  VRLA.PA 

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