(AOF) – Adjusted EBITDA increased by 28% in 2023 (and +32.5% at constant exchange rates and scope) to exceed the billion euro mark for the first time in the group’s history: 1.10 billion. The adjusted EBITDA margin increased to 28.4% compared to 25.8% in 2022. Net income, up 33.7% to 475 million euros (or 4.02 euros per share), results mainly from the improvement in adjusted EBITDA, which more than offset the increase in financial costs and income taxes.
Verallia’s 2023 turnover amounted to 3.90 billion euros, showing an increase in published data of 16.5% compared to last year.
At its meeting held on February 14, 2024, the board of directors of Verallia decided to propose the payment of a dividend of 2.15 euros per share in cash for the 2023 financial year. This amount will be subject to the approval of the annual general meeting of shareholders to be held on April 26, 2024.
After a year 2023 marked by a sharp decline in demand in Europe, under the combined effect of a drop in final consumption and destocking downstream of the value chain, Verallia forecasts a gradual recovery in activity during 2024 .
In this context and despite limited visibility, the group aims to achieve in 2024 an adjusted EBITDA of around one billion euros with a result lower than 2023 in the first half (high 2023 comparison base) and higher in the second. (volume rebound).
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