Verallia, a global leader in glass packaging solutions, has announced its 2024 annual results, showcasing a robust performance despite a challenging market environment.
The Group reported revenue of EUR 3.456 million and confirmed organic volume growth in the fourth quarter, demonstrating resilience in the face of ongoing destocking effects that impacted overall demand.
A key indicator of the company’s financial strength is its Adjusted EBITDA margin, which remained healthy at 24.4 percent. This demonstrates Verallia’s ability to maintain profitability even amidst market uncertainty.
According to Patrice Lucas, Chief Executive Officer of Verallia, Verallia successfully adapted to the challenges of 2024 following a record-breaking year in 2023. Lucas emphasized the company’s “robust profitability, underpinned by solid fundamentals” and highlighted the “stringent cost and investment management” strategies implemented throughout the year. 
Beyond maintaining financial stability, Verallia also made significant strides in its strategic initiatives. The year saw the inauguration of the first 100 percent electric furnace in Cognac, France, a key milestone in the company’s commitment to sustainable production. Further strengthening its market position, Verallia also completed a new acquisition in Italy, expanding its operational footprint and market reach.
Looking ahead to 2025, the company acknowledges the continued uncertainty in the market environment. Verallia’s primary focus will be on cash generation, achieved through strict cost control measures and the continued positive impact of its Performance Improvement Plan (PIP). This proactive approach underscores the company’s commitment to long-term financial health and sustainable growth.
Verallia’s 2024 results highlight its ability to navigate complex market conditions while simultaneously pursuing strategic growth initiatives. The company’s commitment to profitability, coupled with investments in sustainability and expansion, positions it well for continued success in the years to come.
For a more detailed analysis of the company’s performance, the full report is available (here).
Source: Verallia with additional information added by GlassBalkan
