Vidrala SA
MAD:VID
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Vidrala SA
Nestled in the picturesque landscapes of Spain, Vidrala SA has been weaving its narrative in the glass manufacturing industry since 1965. With a seasoned legacy, this company has meticulously built a reputation for producing high-quality glass containers, often imagining itself as both a steward of tradition and an innovator in design. The art of glassmaking, intrinsic to Vidrala's operation, combines advanced technology with craftsmanship to create containers utilized primarily in the food and beverage industry. Every bottle and jar embodies the company's commitment to sustainability, demonstrating how they press forward with eco-conscious production, recycling initiatives, and energy efficiency, addressing the modern consumer's appetite for sustainable packaging options.
At the heart of Vidrala's business model lies a supply chain meticulously designed to meet the precise demands of its clients, delivering not just containers but tailored solutions. This approach is key to maintaining robust relationships with major international brands, positioning Vidrala as a pivotal supplier across Europe and beyond. Their revenue is generated by enhancing value through close collaboration with clients to design and produce containers that meet unique brand specifications and consumer trends. By blending industrial prowess with customer-centric innovations, Vidrala has carved out a profitable niche in a competitive market, elegantly balancing the age-old allure of glass with cutting-edge manufacturing techniques.
Nestled in the picturesque landscapes of Spain, Vidrala SA has been weaving its narrative in the glass manufacturing industry since 1965. With a seasoned legacy, this company has meticulously built a reputation for producing high-quality glass containers, often imagining itself as both a steward of tradition and an innovator in design. The art of glassmaking, intrinsic to Vidrala's operation, combines advanced technology with craftsmanship to create containers utilized primarily in the food and beverage industry. Every bottle and jar embodies the company's commitment to sustainability, demonstrating how they press forward with eco-conscious production, recycling initiatives, and energy efficiency, addressing the modern consumer's appetite for sustainable packaging options.
At the heart of Vidrala's business model lies a supply chain meticulously designed to meet the precise demands of its clients, delivering not just containers but tailored solutions. This approach is key to maintaining robust relationships with major international brands, positioning Vidrala as a pivotal supplier across Europe and beyond. Their revenue is generated by enhancing value through close collaboration with clients to design and produce containers that meet unique brand specifications and consumer trends. By blending industrial prowess with customer-centric innovations, Vidrala has carved out a profitable niche in a competitive market, elegantly balancing the age-old allure of glass with cutting-edge manufacturing techniques.
Revenue: Vidrala reported revenue of EUR 1,124 million for the first nine months of 2025, down 5.1% year-on-year on a like-for-like basis and at constant exchange rates.
EBITDA & Margins: EBITDA reached EUR 329 million with an EBITDA margin of 29.3%, up 150 basis points year-on-year, showing resilience despite softer demand.
Net Debt: Net debt was EUR 150 million at quarter-end, with a low leverage ratio of 0.3x EBITDA, leaving the company in a strong financial position.
Guidance Reiterated: Management reiterated full-year guidance for 2025 despite challenging demand and FX headwinds, noting Q4 is typically the least significant quarter.
Brazil Update: Brazil volumes were flat year-on-year despite a weak Q3, as adverse weather and macro headwinds weighed on demand; no plans for major capacity expansion.
CapEx & Cash Flow: CapEx was high at 12% of sales; free cash flow conversion was strong at almost 14% of sales. CapEx is expected to be slightly lower in 2026.
Competitive Actions: The company is focused on improving cost competitiveness, particularly in the UK and Brazil, and may consider M&A or share buybacks given low leverage.
