Glass packaging manufacturer Verallia has presented its first-quarter results. The company reports improved profitability despite a slight decline in sales and confirms its full-year outlook.
Verallia's revenue in the first quarter of 2026 was €798 million, 2.4 percent down on the previous year. The company cited lower selling prices as the main reason, while sales volumes remained broadly stable.
Stabilisation of volume and demand
Sales volumes developed differently by region. While growth was achieved in most countries, a decline in activities in Germany in particular weighed on overall development. According to Verallia, positive impetus came primarily from the spirits segment and the food jar business.
In Southern and Western Europe, the recovery continued, driven particularly by beer and food packaging. In Northern and Eastern Europe, however, volumes declined, primarily due to weaker demand in Germany.
Profit up despite falling sales
The operating result developed clearly positively. Adjusted EBITDA rose by 8 percent to 159 million euros in the first quarter, and the margin improved to 19.9 percent.
According to the company, this development is primarily due to lower energy costs and efficiency measures. The Performance Improvement Plan has once again contributed to cost reductions.
Solid financial position and confirmed outlook
The company's financial situation remains stable. Net financial debt stood at approximately €1.9 billion at the end of March, with liquidity at €856 million.
Despite a continued uncertain market environment, partly due to geopolitical tensions, Verallia is sticking to its annual targets. For 2026, the company expects an adjusted EBITDA of around €700 million and a free cash flow of approximately €220 million.
Focus on sustainable packaging solutions
Alongside its financial development, Verallia is continuing to expand its portfolio in the area of sustainable glass packaging. With the new „Balance“ product line, the company is expanding its range of ecologically optimised premium packaging.
According to Verallia, the new range is intended to combine design and reduced CO₂ emissions, thereby responding to the growing demand for sustainable packaging solutions.
Source: Verallia
