(Reuters) – Verallia lowered its annual benefit of profit before taxes, interest and depreciation (EBITDA) on Wednesday, citing in particular the weakness of European consumption and geopolitical and commercial tensions.
The French group now anticipates an annual Ebitda of around 800 million euros, against a level close to that of 2024 previously announced in February – or around 842.5 million euros.
“Our margin has contracted, under the combined effect of an unfavorable inflation spreaded and a temporary negative effect of variation in finished products,” said Patrice Lucas, Managing Director of the Group, in a press release.
Verallia nevertheless noted its annual generation of free cash-flow generation, now expected at more than 200 million euros, against around 200 million euros previously.
Over the first three months of the year, the group specializing in glass recorded a turnover of 818 million euros, a decrease of 3.6% at a constant exchange rate and perimeter compared to 2024.
The adjusted Ebitda raised 147 million euros after 204 million euros the previous year.
Verallia has also announced the launch of a plan to reduce its workforce and its costs in Germany, especially on the sites of Bad Wurzach and Essen, which should result in a hundred departures at an estimated cost of 10 million euros.
(Written by Pauline Foret, edited by Augustin Turpin)
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