Verallia Achieves Remarkable Revenue Growth and Profitability in the First Half of 2023

2023-07-25 16:42:00

(CercleFinance.com) – Verallia publishes revenue of 2,143 ME for the 1st half of 2023, up 28.6% at constant exchange rates and perimeter compared to the 1st half of 2022.

At the same time, adjusted EBITDA rose from 425 ME a year ago to 659 ME this semester, an increase of 54.9%.

Net income group share stands at €311 million compared to €174 million in the 1st half of 2022 (i.e. an increase of +78.8%), with earnings per share of €2.65

“The results for the first half are excellent and bear witness to our ability to continue to improve period after period in a sustainable manner our profitability and our EBITDA whatever the economic context,” commented Patrice Lucas, CEO of Verallia.

In this context, the Group is targeting adjusted EBITDA for 2023 of between 1.1 and 1.25 billion euros.

Verallia also confirms its objective of achieving revenue growth of more than 20% by 2023.

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