France's Verallia Q1 revenue falls 2.4% as selling prices drop

Verallia SA

22/04/2026 17:57

Overview

France glass packaging producer's Q1 revenue fell 2.4% on lower selling prices

Adjusted EBITDA rose 8% as margins improved on lower energy costs and cost controls

Outlook

Verallia confirms 2026 adjusted EBITDA guidance of around €700 mln

Company expects 2026 free cash flow of around €220 mln, excluding restructuring cash-outs

Verallia says 2026 outlook depends on no significant deterioration in Middle East situation

Result Drivers

LOWER SELLING PRICES - Co said Q1 revenue decline was mainly due to lower average selling prices

ENERGY COSTS - Co said margin improvement was driven by lower energy costs after roll-off of unfavorable 2022 energy hedges

COST SAVINGS - Performance Improvement Plan delivered solid results, generating a net reduction in cash production costs of 2.1%, or €12 mln

Company press release: ID:nBw2DfnfSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 798 mln
Q1 Adjusted EBITDA
EUR 159 mln
Q1 Net Debt
EUR 1.90 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 €23.00, about 19.4% above its April 22 closing price of €19.26

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)