Verallia's Q1 2026 Results: Profitability Increases Amid Revenue Dip

In the first quarter of 2026, Verallia reported a slight dip in revenue, reaching €798 million, a decrease of 2.4% compared to the same period in 2025. This decline is attributed to reduced selling prices, despite stable volumes, with growth in various countries balancing the decrease in the German market.

Despite the revenue decline, Verallia achieved an 8% increase in adjusted EBITDA, totaling €159 million, improving its margin to 19.9% from 18.0% in Q1 2025. This improvement reflects effective cost management and lower energy costs. The net debt ratio remained steady at 2.7x the last 12 months' adjusted EBITDA, with liquidity at €856 million as of March 31, 2026.

Looking forward, Verallia maintains its 2026 outlook, aiming for an adjusted EBITDA of around €700 million and free cash flow of €220 million, amid geopolitical uncertainties. The company continues its focus on enhancing competitiveness and sustainability through strategic projects and eco-design initiatives.