Verallia tops SBF120 as Q3 results signal return to growth, 'strong' 2025

Verallia SA

23/10/2024 09:47

** France's Verallia  VRLA.PA  rises 4% after its Q3 results
showed return to organic volume growth, strong setup for 2025,
Stifel says 
    ** French glass packaging producer posted adj. EBITDA of 210
million euros ($226.38 million) on revenue of 871 million euros
in Q3, down 6.6% YoY 
    ** Like-for-like Q3 volumes are up across key segments,
including beer and food jars, the group says   
   ** Inventory variance drove miss but won't repeat in Q4, says
Stifel analyst Lars Kjellberg
   ** Kjellberg also highlights better-than-expected price-cost
spread and strong cost-saving efforts
    ** He adds Verallia's guidance implies return to earnings
growth in Q4, with a strong set-up for 2025
    ** Shares are tracking best day in nearly a month if gains
hold


($1 = 0.9276 euros)

 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@tr.com))