Verallia posts 2.1% Q3 revenue decline as wine shipments weaken

Glass packaging maker Verallia reported revenue of EUR 829m (USD 923m) in the third quarter of 2026, down 2.1% from EUR 846m a year earlier, as reduced shipment volumes in the wine category offset gains in beer. The group reaffirmed 2026 guidance of adjusted EBITDA around EUR 700m and free cash flow of EUR 220m, and named Stefan Borgas to succeed Michel Giannuzzi as board chairman from the April 2027 AGM.

Why this mattersWine weakness in France and Iberia drove Verallia's volume decline as pricing effects faded, leaving cost savings to hold margins in container glass.

• Q3 2026 revenue was EUR 829m (USD 923m), down 2.1% from EUR 846m in Q3 2025
• Nine-month revenue reached EUR 2.5bn, down 1.6% year on year
• Adjusted EBITDA was EUR 172m in Q3, a margin of 20.8% versus 20.7% in the first half
• Net financial debt fell to EUR 1.7bn at end-September 2026 from EUR 1.9bn a year earlier
• Cost-reduction programme (PAP) saved EUR 37m through September, a 2.2% reduction in net cash production costs
• Stefan Borgas is to become board chairman after the 30 April 2027 AGM, subject to shareholder confirmation, succeeding Michel Giannuzzi

Relevant to you? Yes No