Verallia reports adjusted EBITDA of 204 million euros for the first quarter of 2024, down 4.8 points to 24.4% on sales of 836 million, down 20.5% (-12.7% at constant exchange rates and scope of consolidation).

"Verallia has started the year in line with expectations, with sales and prices down on the first quarter of 2023, which established a high basis for comparison", comments its CEO Patrice Lucas.

Noting "encouraging signs of recovery from the low point of the last quarter of 2023", the glass packaging manufacturer confirms its forecast for adjusted EBITDA of around one billion euros in 2024.

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