Verallia's Q3 Results Show Volume Growth Amidst Profitability Challenges

Verallia reports a third quarter with persistent volume growth but reduced profitability in a tougher market than anticipated. Revenue for Q3 2025 was €846 million, a 2.8% decline from Q3 2024 due to lower prices and negative mix effects. Adjusted EBITDA was €181 million, reflecting a decrease in profitability. The nine-month period saw an EBITDA of €531 million, down from €641 million the previous year.

The company's net debt remains stable with a ratio of 2.6x the last 12-month adjusted EBITDA. Verallia revised its 2025 outlook, projecting an adjusted EBITDA of around €700 million, down from the previously expected €800 million, with free cash flow expected around €150 million.

Despite these hurdles, Verallia continues its long-term strategy, with BWGI's tender offer solidifying its shareholder base. Additionally, Verallia's commitment to sustainability received a boost as the SBTi validated its Net Zero 2040 trajectory. The recent inauguration of an oxy-combustion furnace in Brazil underscores its investment in technology and environmental performance.