Verallia: confirms EBITDA target for 2023
Adjusted EBITDA rose sharply in the first 9 months of 2023 to ME 915 (+39.9% vs. 9M 2022). The adjusted EBITDA margin rose to 29.8% in the first nine months of 2023, compared with 26.0% in 9M 2022. It remained high in Q3 at 27.5% (26.0% in Q3 2022) despite the slowdown in business.
' On the strength of its fundamentals (positive inflation spread and performance improvement plan) and its ability to adapt, Verallia confirms its objective of achieving adjusted EBITDA in excess of E1.1 billion in 2023.
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