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French glass packaging firm Verallia's Q3 revenue falls on lower volumes

By Reuters News


Overview

  • France glass packaging firm's Q3 revenue fell 2.1% yr/yr due to lower volumes

  • Adjusted EBITDA margin for Q3 was 20.8%, slightly down from a year earlier

  • Company confirmed 2026 outlook for adjusted EBITDA of €700 mln and free cash flow of €220 mln


Outlook

  • Verallia confirms 2026 adjusted EBITDA guidance of around €700 mln

  • Company expects 2026 free cash flow of around €220 mln, excluding restructuring cash-outs

  • Company plans to keep 2026 capex at about 8% of sales


Result Drivers

  • LOWER VOLUMES - Co said Q3 volumes declined, mainly due to an unfavorable Summer in Europe and expected weakness in Germany

  • LIMITED PRICE EFFECT - Co said price effect faded over the year and was very limited in Q3

  • COST SAVINGS - Co said performance improvement plan and restructuring measures delivered cost savings in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 828.5 mln

Q3 Adjusted EBITDA

EUR 171.9 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the non-paper containers & packaging peer group is "buy."

  • Wall Street's median 12-month price target for Verallia SA is €21.20, about 16.4% above its October 27 closing price of €18.21

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Oct 27 - France's Worldline tops quarterly estimates as it returns to revenue growth

  • Oct 27 - French consumer confidence hits a 2013 low in October amid protests


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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