Vidrala SA (FRA:VIR)
€ 98 0.666667 (0.68%) Market Cap: 3.21 Bil Enterprise Value: 3.62 Bil PE Ratio: 13.95 PB Ratio: 2.38 GF Score: 92/100
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Q2 2024 Vidrala SA Earnings Call Transcript

Jul 25, 2024 / 02:30 PM GMT
Release Date Price: €89.05 (+0.21%)

Key Points

Positve
  • Vidrala SA (FRA:VIR) reported revenues above EUR 830 million and an EBITDA of EUR 225 million for the first half of 2024.
  • The company achieved a solid EBITDA margin of 27.1%, maintaining stability compared to the previous year.
  • Vidrala SA (FRA:VIR) successfully completed the sale of Vidrala Italy, which is expected to reduce net debt to around EUR 320 million by the end of July 2024.
  • The UK market continues to perform well, supported by new demand for glass containers and the integration of The Park.
  • Brazil has shown significant growth, with volumes up more than 65% due to recent capacity expansion projects.
Negative
  • The company experienced a negative price-mix effect, which almost fully offset the 9% volume growth.
  • Organic year-on-year EBITDA variation was down by 2.4%, although this was compensated by scope contributions.
  • Iberia's performance was weaker, negatively affected by price adaptations and a soft demand context.
  • Demand recovery in mature markets is progressing slowly, with visibility remaining low for the second half of the year.
  • Working capital increased by EUR 50 million in the first half, impacting cash flow.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VID.MC - Vidrala SA
Q2 2024 Vidrala SA Earnings Call
Jul 25, 2024 / 02:30PM GMT

=====================
Conference Call Participants
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* Iñigo de la Rica
* Rául Merino
* Francisco Ruiz
* Alberto Espelosín González-Simarro
* Natasha Brilliant
* James Perry

=====================
Presentation
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Operator [1]
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[Foreign Language] Good afternoon, and welcome to the conference call organized by Vidrala to present its 2024 first half results. Vidrala will be represented in this meeting by Rául Gómez, CFO; and Iñigo Mendieta, Head of IR. The presentation will be held in English. In the Q&A session, questions will be also answered in Spanish. Nevertheless, it is strongly recommended to post questions in English in order to facilitate understanding of everyone. In the company website, www.vidrala.com, you will
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