Verallia reports adjusted EBITDA of 431 million euros for the first half of 2024, representing a margin of 24.4% of sales, compared with 659 million for the same period in 2023, representing a margin of 30.8%.

Sales for the glass packaging manufacturer fell by 17.6% to around 1.76 billion euros (-10.4% at constant exchange rates and scope of consolidation), with 'a gradual recovery in volumes in the second quarter, which remains slower than anticipated'.

Two weeks ago, Verallia revised its adjusted EBITDA target for 2024 (previously set at around one billion euros), which is now expected to be around that of 2022 (866 million).

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