(News Bulletin 247) – Verallia publishes revenue of 3,352 ME for the 2022 financial year, an organic increase of 26.5% compared to the previous financial year.
Business is up organically in all geographies with +21.9% in Southern and Western Europe, +22.7% in Northern and Eastern Europe and finally +60.5 % for Latin America.
Adjusted EBITDA increased by +27.6% in 2022 (and +31.7% at constant exchange rates and perimeter) to reach 866 ME.
Finally, net income stands at 356 ME, up 42.7%, revealing earnings per share of 2.92 euros.
“I am very satisfied with the results for 2022, illustrating the relevance of the Group’s strategy and the agility its teams have shown in a particularly volatile environment,” reacted Patrice Lucas, CEO of Verallia.
For 2023, Verallia intends to pursue its profitable growth strategy based on regular organic growth, a positive inflation spread and an annual reduction in cash production costs (PAP) of 2%.
Verallia has thus set itself the objective of achieving revenue growth of more than 20% and an adjusted EBITDA of approximately one billion euros in 2023.
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