Verallia Société Anonyme/€VRLA

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About Verallia Société Anonyme

Verallia is a French company specializing in the design, manufacture, and recycling of glass packaging for the food and beverage industry. Its product portfolio includes glass bottles and jars for still and sparkling wines, spirits, beer, soft drinks, and various food products. Founded in 1827 as the Vauxrot glassworks, Verallia became an independent entity in 2015 after being part of the Saint-Gobain Group. Headquartered in France, the company operates 35 glass production sites across 12 countries, producing over 16 billion glass containers annually. Verallia emphasizes sustainability through initiatives like the ECOVA range, which focuses on lightweight and eco-friendly packaging solutions. (,,)
Ticker
€VRLA
Sector
Materials
Primary listing
PAR
Employees
11,000
Headquarters
Courbevoie, France

VRLA Metrics

BasicAdvanced
€2.4B
46.59
€0.41
0.72
€1.00
5.24%

Bulls say / Bears say

Verallia is converting earnings into cash despite a difficult market: first-half free cash flow rose to €102 million from €66 million, while adjusted EBITDA held broadly flat and the margin improved to 20.7%. Net leverage also edged down to 2.6 times, and management kept its 2026 targets of about €700 million adjusted EBITDA and €220 million free cash flow. (Verallia)
The industrial footprint plan offers a company-specific recovery lever rather than relying on a volume rebound. Verallia says the plan is already producing positive effects and should provide about €20 million of second-half savings, alongside continued performance-plan savings and tight capital expenditure control. (Verallia, Stock Analysis)
Verallia is investing in lower-carbon production that can improve both its customer proposition and asset flexibility. Its new Zaragoza hybrid furnace is designed to cut scope 1 and 2 emissions by around 50% and lift the site’s output to 1.3 million containers a day at full capacity. (Verallia)
Weak demand and pricing remain a direct threat to growth. First-half revenue fell 1.4% because of lower selling prices, volumes were only stable, Germany declined, and management expects group volumes to remain broadly flat while seeing little scope for price increases in the second half. (Verallia, Stock Analysis)
Inflation is again squeezing the spread between selling prices and costs. The first-half inflation spread was negative at €17 million, the second-quarter EBITDA margin fell to 21.4% from 22.5% a year earlier, and roughly 20% of 2026 energy costs remain exposed to spot prices. (Verallia, Stock Analysis)
Reported profit and balance-sheet flexibility are weaker than the adjusted targets suggest. First-half net profit fell to €27 million from €68 million because of restructuring charges, while the 2026 free-cash-flow target excludes restructuring cash outflows and net leverage remains 2.6 times adjusted EBITDA. (MarketScreener, Verallia)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

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