Due to a slower-than-anticipated recovery, Verallia has revised its adjusted EBITDA target for 2024, previously set at around €1 billion, to around the 2022 figure of €866 million.

While the upturn in demand was confirmed in the second quarter in most of its markets, the glass packaging manufacturer expects second-half business to continue to grow at a slower pace than initially anticipated.

Adding, however, that the cost reduction trajectory remains fully in line with its expectations, Verallia states that it is determined to pursue its action plan to adapt capacities, keep inventories under control and reduce costs.

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