Regulatory News: EFFECTIVE INVESTMENTS TO INCREASE CAPACITY Verallia (Paris:VRLA), the leading European and the third-largest producer globally of glass containers for food and beverages, announces the construction of two additional furnaces by 2025 and 2026 to increase its capacity production and respond to market’s needs. These two new additional furnaces will be located in Spain and Italy, by 2025 and 2026. GOING FURTHER IN VERALLIA’S INVESTMENT PLAN In the framework of the 2022 – 2024...
Regulatory News: Verallia (Paris:VRLA) has decided to launch a share buyback program and has entrusted an investment services provider with a share buy-back mandate for a maximum amount of 50 million euros, over a period running from December 7 th , 2022 to November 2023. Verallia intends to cancel all the shares thus bought back. This share buyback program is implemented pursuant to the delegation granted by the General Shareholders’ Meeting of May 11 th , 2022 under the 16 th resolution. The...
Regulatory News: Verallia (Paris:VRLA), the leading European and the world’s third largest producer of glass containers for food and beverages, has completed today the acquisition of 100% of the capital of Allied Glass. The Group had announced on November 2 nd the signature of a binding agreement with an affiliate of Sun European Partners LLP for the acquisition of Allied Glass. The acquisition of Allied Glass, a strategic step in Verallia’s external growth, enables the Group to penetrate...
Regulatory News: Verallia (Paris:VRLA), the leading European and the world’s third largest producer of glass containers for food and beverages, has signed a binding agreement with an affiliate of Sun European Partners LLP for the acquisition of Allied Glass, a market leader in the UK premium glass packaging segment with a focus on the premium spirits’ end market. Expanding Verallia’s premium capabilities and geographic footprint in Northern Europe With more than 150 years of glass-making...
Regulatory News: Verallia (Paris:VRLA): Highlights Revenue up +24.5% over nine months at €2,518 million ( +24.4% at constant exchange rates and scope ) (1) , compared to the first nine months of 2021 Revenue increase of +26.5% at €879 million in Q3 2022 ( +27.5% at constant exchange rates and scope ) (1) , compared to Q3 2021 Adjusted EBITDA rose to €654 million over nine months , compared to €528 million over 9M 2021 (+24.0%) Adjusted EBITDA margin at 26.0% over 9M 2022 , vs. 26.1% over...
Regulatory News: Verallia (Paris:VRLA): Highlights Revenue up +23.4% at €1,639 million ( +22.8% at constant exchange rates and scope ) (1) compared to H1 2021 Adjusted EBITDA rose to €425 million in H1 2022 , compared to €345 million in H1 2021 (up +23.4%) Adjusted EBITDA margin at 26.0% in H1 2022 , the same as in H1 2021 Net income (2) at €179 million compared to €133 million in H1 2021 (up +34.9% vs. H1 of last year) and earnings per share (2) stood at €1.49 Net debt ratio fell to...
Regulatory News: In accordance with the provisions of the French Financial Markets Authority’s decision n°2018-01 dated 2 July 2018 establishing an accepted market practice for liquidity contracts on shares, Verallia (Euronext Paris: VRLA) hereby makes available to the public its H1 2022 half-yearly report regarding the liquidity agreement entered into with Rothschild Martin Maurel on 20 December 2019 and which came into force on 6 January 2020: Available means as of 30 June 2022: 18,000...
Regulatory News: Verallia (Paris:VRLA), the world's 3 rd largest producer of glass packaging for food and beverages, has successfully completed its 7 th employee shareholding offer. On June 23, 2022, more than 3,200 employees joined in the Group's development and performance by subscribing to this major operation. Open from May 3 to 17, 2022 in 8 countries, this program allowed them to benefit from exclusive conditions to join the Group's capital - i.e. a 10% discount on the share price and a...
Regulatory News: Verallia (Paris:VRLA): - Separation of the functions of Chairman of the Board of Directors and Chief Executive Officer - Michel Giannuzzi continues to act as Chairman of the Board of Directors - Patrice Lucas becomes Chief Executive Officer and joins the Board of Directors as Director - Appointment of Didier Debrosse as an independent director - Appointment of Beatriz Peinado Vallejo as Director representing employee shareholders - Dividend of €1.05, to be paid on May 23, 2022...
Regulatory News: Verallia (Paris:VRLA): Highlights Substantial increase in revenue in Q1 2022 to €750 million, i.e. +24.0% (+23.9% at constant exchange rates and scope) (1) Adjusted EBITDA up at €183 million compared to €152 million in Q1 2021 Adjusted EBITDA margin at 24.4% , down slightly compared to Q1 2021 at 25.1% Reduction in net debt leverage to 1.7x adjusted EBITDA for the last 12 months, compared to 2.1x as of 31 March 2021 and 1.9x as of 31 December 2021 (1) Revenue growth at...
Regulatory News: Verallia (Paris:VRLA): The Shareholders’ General Meeting of the Company will be held on 11 May 2022, at 2 p.m., Paris time, on first notice, at the registered office of the Company: Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. The terms of participation in the Shareholders’ General Meeting are set out in the convening brochure. The meeting notice detailing the agenda and draft resolutions was published in the Bulletin des Annonces...
Regulatory News: Verallia (Paris:VRLA) announces the publication of its 2021 Universal Registration Document, which has been filed with the French Autorité des Marchés Financiers (AMF) in ESEF format on 29 March 2022. The 2021 Universal Registration Document is available to the public, free of charge under the conditions provided by applicable regulations and may be consulted on the “Investors” page of the Group’s website ( www.verallia.com ), in the “Regulated Information” section...
Regulatory News: Verallia (Paris:VRLA) has been following very closely the developments in Ukraine since Wednesday night and sadly regrets this current development. The Group first priority is to ensure the safety of its employees. Given the recent evolution of the situation and to protect its teams locally, Verallia has decided to temporarily suspend its production in Ukraine while keeping its two furnaces in hot condition for the moment. "We have decided to temporarily shut down production -...
Regulatory News: Verallia (Paris:VRLA): Highlights Increase in revenue of +5.4% to €2.674 billion (+6.8% at constant exchange rates and scope) (1) compared to 2020 Growth in adjusted EBITDA to €678 million in 2021 , from €626 million in 2020 (+8.4%) Improvement in adjusted EBITDA margin to 25.4% in 2021 compared to 24.7% in 2020 (+68 bps vs 2020) Net income (2) at €249 million compared to €210 million in 2020 (+19% vs 2020) and earnings per share (2) of €2.01 Reduction in net debt...
Regulatory News: In accordance with the provisions of the French Financial Markets Authority’s decision n°2021-01, dated 22 June 2021, renewing the establishment of an accepted market practice for liquidity agreements relating to shares, Verallia (Euronext Paris: VRLA) hereby makes available to the public its H2 2021 half-yearly report regarding the liquidity agreement entered into with Rothschild Martin Maurel on 20 December 2019 and which came into force on 6 January 2020: - Available means...
Regulatory News: The Board of Directors of Verallia (Paris:VRLA) met today, under the chairmanship of Mr Michel Giannuzzi. The Board recognized Mr Michel Giannuzzi wish to see evolve his responsibilities within the Group next year after approximately five years at the head of Verallia as both Chairman and Chief Executive Officer. Following the recommendations of the Nomination and Compensation Committee, chaired by Mrs Cécile Tandeau de Marsac, the Board decided accordingly upon a new...
Regulatory News: Verallia (Paris:VRLA) announced today that it successfully priced a new Sustainability-Linked Bond for an aggregate amount of EUR 500 million with a 10-year maturity with a coupon of 1.875%. With this second Sustainability-Linked Bond issuance in less than a year, Verallia is confirming its sustainability leadership in the Glass packaging industry and the very favourable perception of its credit quality by investors. Michel Giannuzzi, Chairman and Chief Executive Officer: “ We...
Regulatory News: As part of Apollo’s 1 sale of its remaining stake in Verallia (Paris:VRLA) by way of a private placement with accelerated book building, Verallia has bought back 3.7 million of its shares at a unit price of €30.50 on November 3, 2021. The settlement of the transaction will take place on or about November 5, 2021. This €112,850,000 transaction is financed with the Group's available cash (€580.3 million as at September 30, 2021) and is carried out as part of the share...
Regulatory News: Verallia (Paris:VRLA) will meet with debt investors today with a view to launching, subject to market conditions, its second Sustainability-Linked Bond offering for an amount of EUR 500 million with a maturity of 9 or 10 years. The net proceeds of this issue would be used to refinance part of the existing financial indebtedness of the Group. This issue would also enable the Group to lengthen its debt maturity profile and continue the diversification of its sources of funding....
Regulatory News: Verallia (Paris:VRLA): Highlights Revenue increased by +3.4% over nine months to €2,022 million ( +5.8% at constant exchange rates and scope) (1) Revenue growth of +2.0% to €695 million in Q3 ( +2.1% at constant exchange rates and scope) (1) , despite a high comparative basis in Q3 2020 Adjusted EBITDA of €528 million over nine months, up +11.2% over the previous year Increase in adjusted EBITDA margin to 26.1% over nine months (+183 bps) Reduction in the net debt ratio to...