Verallia SAS
F:1VRA
Verallia SAS
Verallia SAS, one of the world’s leading producers of glass packaging, has carved out a solid niche for itself in the global market by understanding the timeless allure and practicality of glass. Founded with a vision to provide sustainable and innovative glass solutions, Verallia operates in a realm where tradition meets cutting-edge technology. The company produces bottles and jars for a wide array of sectors including food and beverages, pharmaceuticals, and cosmetics. This Paris-based giant leverages its 32 glass production facilities across 11 countries, where the craft of turning raw natural materials like sand and recycled glass into beautiful, sturdy containers is perfected. The manufacturing process is a meticulous blend of high-tech automation and human expertise, ensuring each piece meets exacting standards of quality and sustainability.
Verallia's business model thrives on close partnerships with some of the world's most recognized brands, meeting their diverse needs with tailor-made glass solutions. The company's focus is not only on quantity but on creating value by offering designs that enhance the brands they serve. Verallia's emphasis on sustainability is a major selling point; the company is committed to environmental stewardship through initiatives aimed at reducing carbon emissions and using recycled materials. Revenue flows in predominantly through long-term contracts with large manufacturers, who rely on Verallia's consistency and innovation in delivering reliable packaging solutions. This commitment to both innovation and sustainability has made Verallia a trusted partner to its clients, thus securing its position as a leader in the glass packaging industry.
Verallia SAS, one of the world’s leading producers of glass packaging, has carved out a solid niche for itself in the global market by understanding the timeless allure and practicality of glass. Founded with a vision to provide sustainable and innovative glass solutions, Verallia operates in a realm where tradition meets cutting-edge technology. The company produces bottles and jars for a wide array of sectors including food and beverages, pharmaceuticals, and cosmetics. This Paris-based giant leverages its 32 glass production facilities across 11 countries, where the craft of turning raw natural materials like sand and recycled glass into beautiful, sturdy containers is perfected. The manufacturing process is a meticulous blend of high-tech automation and human expertise, ensuring each piece meets exacting standards of quality and sustainability.
Verallia's business model thrives on close partnerships with some of the world's most recognized brands, meeting their diverse needs with tailor-made glass solutions. The company's focus is not only on quantity but on creating value by offering designs that enhance the brands they serve. Verallia's emphasis on sustainability is a major selling point; the company is committed to environmental stewardship through initiatives aimed at reducing carbon emissions and using recycled materials. Revenue flows in predominantly through long-term contracts with large manufacturers, who rely on Verallia's consistency and innovation in delivering reliable packaging solutions. This commitment to both innovation and sustainability has made Verallia a trusted partner to its clients, thus securing its position as a leader in the glass packaging industry.
Revenue: Full-year revenue was EUR 3.331 billion, down 3.6% year-over-year, with organic growth at minus 2.8%.
EBITDA: Adjusted EBITDA for the year was EUR 692 million, down 17.8%, with margin at 20.8%, down 360 basis points.
Cash Generation: Free cash flow doubled to EUR 166 million due to strict CapEx control and lower working capital outflows.
Industrial Restructuring: Verallia is implementing a capacity adaptation plan in Europe, potentially reducing around 3% of total capacity, with expected restructuring costs of EUR 40–50 million, mostly in 2026.
Market Conditions: Management expects market stability, not recovery, in 2026, with growth in nonalcoholic beverage and food segments but flat or declining other segments.
2026 Guidance: The company aims for adjusted EBITDA around EUR 700 million and free cash flow around EUR 220 million, excluding restructuring cash out.
Energy Costs: Energy costs, which were a headwind in 2024 and 2025, are expected to normalize at market levels in 2026.
Leverage: Year-end net debt was EUR 1.86 billion with leverage at 2.7x, expected to decline with improved cash generation and limited dividend cash out.
