France's Verallia H1 revenue falls on lower selling prices

Verallia SA

28/07/2026 18:00

Overview
France glass packaging maker's H1 revenue fell 1.4% yr/yr on lower sales prices
Adjusted EBITDA for H1 was stable at €352 mln, with margin up to 20.7%
Company confirmed 2026 outlook for adjusted EBITDA and free cash flow

Outlook
Verallia confirms 2026 outlook, targeting adjusted EBITDA of around €700 mln
Company aims for 2026 free cash flow of around €220 mln, excluding restructuring cash-outs
Verallia says outlook depends on no significant deterioration in Middle East situation

Result Drivers
LOWER SELLING PRICES - Co said revenue decline was mainly due to lower sales prices, especially in Q1
COST CONTROL AND PRODUCTIVITY - Co attributed stable adjusted EBITDA and improved margin to cost control, productivity gains and early benefits from industrial footprint optimization
REGIONAL VOLUME TRENDS - Growth in most countries offset volume declines in Germany; spirits and food jars saw favorable momentum, while non-alcoholic beverages and wines declined

Company press release: ID:nBw70k4qWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 1.7 bln
 
H1 Adjusted EBITDA
 
EUR 352 mln
 
H1 Net Debt
 
EUR 1.78 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy."
Wall Street's median 12-month price target for Verallia SA is €21.20, about 10.1% above its July 27 closing price of €19.26
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 28 - Switzerland's SIG Group H1 revenue falls on weak demand, market contraction
July 28 - UK's Forterra H1 revenue falls 13.5% amid weak demand
July 27 - Michelin beats H1 operating income forecasts, confirms 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)