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)
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Verallia slides after slight Q2 miss amid falling sales prices
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France's Verallia H1 revenue falls on lower selling prices
Brief: Verallia H1 Adjusted EBITDA EUR 352 Million