Verallia reports sustained revenue growth and EBITDA margin improvement, strong cash-flow generation

  Company financial news

Verallia achieved a very good financial performance throughout the year; generated a strong operating cash-flow in 2017, will release first-quarter 2018 results on 17 May 2018.

Verallia
Verallia achieved a very good financial performance throughout the year
Verallia achieved a very good financial performance throughout the year, with revenue, at EUR 2,473.7 million, up 4.5% year-on-year (reported and at constant foreign exchange rates). Adjusted EBITDA was EUR 504.1 million, up 7.9% year-on-year (+8.2% at constant foreign exchange rates). Adjusted EBITDA margin was 20.4%, up 70 bps compared to 2016. Strong Operating Cash-Flow generation totalled EUR 357.8million, up EUR 115.1 million compared to 2016.
Revenue increased by 4.5%, driven by higher volumes, a slightly better mix as well as prices improvement in South America.
In Europe, the 3.7% increase was supported by higher volumes in most countries (notably France and Iberia) as well as a slightly better mix. Exchange rates had a positive impact on revenue of 0.4%.
In South America, reported revenue increased by 11.0%. The negative impact of the weakening of the Argentinean Peso against Euro was partially offset by the appreciation of the Brazilian real. At constant exchange rates, revenue grew by 14.0%, driven by a good level of activity in volumes (mainly beer in Brazil) as well as higher prices in a highly inflationary environment.
Adjusted EBITDA was up 7.9% (8.2% at constant exchange rates), mainly supported by volumes, as well as improved manufacturing performance.
In Europe, adjusted EBITDA increased by 6.9%. At constant exchange rates, the robust 6.5% increase was driven by higher volumes and an improved manufacturing performance, which partly offset the produ...
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