Financials Verallia

Equities

Market Closed - Euronext Paris Other stock markets 11:35:21 2025-01-23 am EST			5-day change	1st Jan Change
25.16 ^EUR	+0.48%		+12.12%	+3.62%

Nov. 13	Verallia: Invesco Ltd exceeds 10% of share capital	CF
Nov. 08	VERALLIA : Berenberg downgrades, no longer recommends buying	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,586	2,536	2,674	3,352	3,904	3,486	3,511	3,625
Change	-	-1.93%	5.45%	25.34%	16.48%	-10.7%	0.72%	3.23%
EBITDA ¹	615.2	625.7	678.1	865.5	1,108	841.5	889.5	957.4
Change	-	1.71%	8.37%	27.64%	28.02%	-24.05%	5.7%	7.63%
EBIT ¹	331.7	349.3	393.1	558.3	761.3	509.2	539.7	604.3
Change	-	5.31%	12.54%	42.02%	36.36%	-33.11%	5.99%	11.96%
Interest Paid ¹	-115.9	-45.8	-56.8	-80.7	-119	-116	-104.2	-97.72
Earnings before Tax (EBT) ¹	179.2	270.6	336.3	477.6	642.4	370.4	432	499.1
Change	-	51%	24.28%	42.02%	34.51%	-42.34%	16.63%	15.53%
Net income ¹	115.6	202.1	242.6	342	470	271.7	309.1	354.5
Change	-	74.83%	20.04%	40.97%	37.43%	-42.2%	13.79%	14.67%
Announcement Date	2/20/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	647	609.5	644.8	629.9	681.2	580.1	605	722.9	694.5	651.8	749.9	889	878.7	832.9	1,052	1,091	931.8	829.2	836.4	928.2	870.6	843.6
Change	-	-5.8%	5.79%	-2.31%	8.14%	-14.84%	4.29%	19.49%	-3.93%	-6.15%	15.05%	18.55%	-1.16%	-5.21%	26.26%	3.76%	-14.6%	-11.01%	0.87%	10.98%	-6.21%	-3.1%
EBITDA ¹	165	137.4	151.3	147.4	175.7	151.3	152	193	182.9	150.5	182.7	242.7	228.8	211.3	307.4	351.6	256.1	192.9	203.9	227.4	210	-
Change	-	-16.73%	10.12%	-2.58%	19.2%	-13.89%	0.46%	26.97%	-5.23%	-17.71%	21.4%	32.84%	-5.73%	-7.65%	45.48%	14.38%	-27.16%	-24.68%	5.7%	11.53%	-7.65%	-100%
EBIT	-	65.8	79.5	54.6	104.3	-	-	-	109.9	76.1	109.1	168.3	154.8	126.1	224.7	265.6	-	-	-	-	-	-
Change	-	-	20.82%	-31.32%	91.03%	-100%	-	-	-	-30.76%	43.36%	54.26%	-8.02%	-18.54%	78.19%	18.2%	-100%	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	23.95	-	-	63.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-100%	-	-	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/7/19	2/20/20	4/28/20	7/30/20	10/29/20	2/24/21	4/29/21	7/29/21	10/28/21	2/16/22	4/20/22	7/27/22	10/19/22	2/15/23	4/19/23	7/25/23	10/19/23	2/14/24	4/24/24	7/24/24	10/22/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	1,275	1,261	1,328	-	1,639	1,712	2,143	-	1,765	846
Change	-	-1.04%	5.26%	-100%	-	4.44%	25.19%	-100%	-	-52.06%
EBITDA ¹	298.7	327	344.7	-	425.4	440.1	659	449	431.3	230
Change	-	9.47%	5.41%	-100%	-	3.46%	49.74%	-31.87%	-3.94%	-46.67%
EBIT ¹	134.1	-	207.1	186	277.4	280.9	490.3	271	244.4	282.5
Change	-	-100%	-	-10.19%	49.14%	1.26%	74.55%	-44.73%	-9.82%	15.59%
Charge d'intérêts	-19.5	-26.3	-	-	-30.2	-50.5	-55.7	-	-	-
Earnings before Tax (EBT)	-	156	-	-	247.2	230.4	-	-	-	-
Change	-	-	-100%	-	-	-6.8%	-100%	-	-	-
Net income	79.3	126.1	-	-	173.8	168.2	310.8	-	124.1	-
Change	-	59.02%	-100%	-	-	-3.22%	84.78%	-100%	-	-100%
Announcement Date	7/30/20	2/24/21	7/29/21	2/16/22	7/27/22	2/15/23	7/25/23	2/14/24	7/24/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,591	1,279	1,268	1,406	1,365	1,767	1,624	1,515
Change	-	-19.61%	-0.86%	10.88%	-2.92%	29.5%	-8.09%	-6.71%
Announcement Date	2/20/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	233.7	250.5	256.3	367	418	358.9	366.8	377
Change	-	7.19%	2.32%	43.19%	13.9%	-14.14%	2.19%	2.77%
Free Cash Flow (FCF) ¹	263.1	359.1	385.2	332.2	439.9	266.6	306.4	372.1
Change	-	36.49%	7.27%	-13.76%	32.42%	-39.41%	14.95%	21.44%
Announcement Date	2/20/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	23.79%	24.67%	25.36%	25.82%	28.38%	24.14%	25.33%	26.41%
EBIT Margin (%)	12.83%	13.77%	14.7%	16.66%	19.5%	14.61%	15.37%	16.67%
EBT Margin (%)	6.93%	10.67%	12.58%	14.25%	16.46%	10.62%	12.3%	13.77%
Net margin (%)	4.47%	7.97%	9.07%	10.2%	12.04%	7.79%	8.8%	9.78%
FCF margin (%)	10.17%	14.16%	14.41%	9.91%	11.27%	7.65%	8.73%	10.27%
FCF / Net Income (%)	227.6%	177.68%	158.78%	97.13%	93.6%	98.11%	99.11%	104.96%
Profitability
ROA	3.48%	6.09%	7.93%	8.36%	10.57%	5.66%	6.94%	17.01%
ROE	56.49%	43.72%	44.15%	39.46%	49.5%	30.47%	32.15%	30.25%
Financial Health
Leverage (Debt/EBITDA)	2.59x	2.04x	1.87x	1.62x	1.23x	2.1x	1.83x	1.58x
Debt / Free cash flow	6.05x	3.56x	3.29x	4.23x	3.1x	6.63x	5.3x	4.07x
Capital Intensity
CAPEX / Current Assets (%)	9.04%	9.88%	9.58%	10.95%	10.71%	10.3%	10.45%	10.4%
CAPEX / EBITDA (%)	37.99%	40.04%	37.8%	42.4%	37.73%	42.65%	41.24%	39.37%
CAPEX / FCF (%)	88.83%	69.76%	66.54%	110.48%	95.02%	134.65%	119.71%	101.31%
Items per share
Cash flow per share ¹	4.298	5.037	5.316	5.961	7.32	5.368	6.14	6.23
Change	-	17.21%	5.54%	12.12%	22.79%	-26.66%	14.38%	1.46%
Dividend per Share ¹	0.85	0.95	1.05	1.4	2.15	1.616	1.677	1.976
Change	-	11.76%	10.53%	33.33%	53.57%	-24.85%	3.81%	17.79%
Book Value Per Share ¹	3.31	4.457	6.192	8.562	7.746	8.022	8.883	9.935
Change	-	34.66%	38.93%	38.27%	-9.53%	3.57%	10.73%	11.84%
EPS ¹	1	1.67	2.01	2.92	4.01	2.348	2.715	2.929
Change	-	67%	20.36%	45.27%	37.33%	-41.45%	15.66%	7.88%
Nbr of stocks (in thousands)	118,394	123,273	116,489	116,771	117,015	117,744	117,744	117,744
Announcement Date	2/20/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-