Verallia (OTCPK:VRLAF)
$ 40.05 0 (0%) Market Cap: 4.81 Bil Enterprise Value: 6.30 Bil PE Ratio: 9.34 PB Ratio: 4.82 GF Score: 65/100

Full Year 2023 Verallia SA Earnings Call Transcript

Feb 15, 2024 / 08:00AM GMT
Release Date Price: $36.84
Operator

Your host, Patrice Lucas, the CEO, is to begin today's conference. Thank you.

Patrice Lucas
Verallia SA - CEO

Good morning, everyone, and welcome to our full year 2024 results call. As usual, Nathalie and I will go through our presentation and we'll have a Q&A session. I will share with you some key highlights. Nathalie will present in detail our numbers and then I will present our guidance.

To start with, just to remind you that Verallia is a global leader in glass packaging. We are number one in Europe, number two in Latin America, and number three worldwide. One of our stronger assets is our customer base, more than 10,000 and the diversified and balanced market in which we operate.

On this chart, you have an update of our [ID card] with our 2023 numbers. Compared to '22, still wine moved from 35% to 31%, minus 4 points. Spirits increased from 13% to 16%, plus 3 points, explained mostly by the acquisition of Allied Glass at the end of '22. And finally, food increased by 1 point. We do operate in 12 countries with 34 plants and 63

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