Verallia: question of trust

Verallia finally seems to offer all the characteristics necessary to constitute a good investment for 2024… or almost! After approaching 45 Euros last summer, the stock had fallen significantly on the Paris stock exchange. Investors feared the impact of the weakening of the economy and were taken by surprise by the adjustment of the annual guidance led by management: Verallia had indicated that it was no longer able to increase its turnover. 2023 by more than 20% due to the devaluation of the Argentine peso. This purely exogenous phenomenon, however, does not change the qualities of the company. With 10,000 employees, Verallia is number 1 in Europe in glass packaging. Alcoholic drinks account for 73% of sales, sodas…