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VRLA — Verallia SA News Story

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Verallia slides after slight Q2 miss amid falling sales prices

BUZZ-Verallia slides after slight Q2 miss amid falling sales prices

** Shares in Verallia VRLA.PA fall 5.5% after the French glass bottle maker reported its quarterly results on Tuesday

** The Q2 results were slightly below market expectations, a Berenberg analyst says

** Verallia books a 1.4% year-on-year decline in first-half revenue, citing falling prices as the main factor, with a 0.5% fall yoy in Q2

** Its H1 adjusted EBITDA of €352 million ($401 million) was broadly stable, while Q2 margin fell to 21.4% from 22.5% a year ago

** Shares pare losses after falling 8% in the morning

** Including session moves, stock down 20% YTD

($1 = 0.8775 euros)


(Ronan Corcoran)

((ronan.corcoran@thomsonreuters.com))

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