French glass packaging firm Verallia's Q3 revenue falls on lower volumes

Verallia SA

27/10/2026 17:55

Overview
France glass packaging firm's Q3 revenue fell 2.1% yr/yr due to lower volumes
Adjusted EBITDA margin for Q3 was 20.8%, slightly down from a year earlier
Company confirmed 2026 outlook for adjusted EBITDA of €700 mln and free cash flow of €220 mln

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
Company plans to keep 2026 capex at about 8% of sales

Result Drivers
LOWER VOLUMES - Co said Q3 volumes declined, mainly due to an unfavorable Summer in Europe and expected weakness in Germany
LIMITED PRICE EFFECT - Co said price effect faded over the year and was very limited in Q3
COST SAVINGS - Co said performance improvement plan and restructuring measures delivered cost savings in Q3

Company press release: ID:nBw6VwtJba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 828.5 mln
 
Q3 Adjusted EBITDA
 
EUR 171.9 mln
 

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 16.4% above its October 27 closing price of €18.21
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

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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.)