Moody’s changes Verallia’s outlook to negative, affirms Baa3 rating By Investing.com
Update: 2025-10-31
Description
Verallia, a leading French glass packaging producer, faces a negative outlook from Moody's Ratings due to weakened financials and uncertain sales volumes. The company's adjusted EBITDA dropped to €684 million in 2025, and leverage increased to 4.3 times, surpassing Moody's target. Free cash flow turned negative in 2024 and is expected to remain so. Despite challenges, Verallia anticipates a gradual recovery in sales volumes and earnings, aiming for €850 million in earnings by 2027. The company maintains cash on hand and access to credit facilities, but investors must monitor market headwinds and credit metrics for signs of improvement.
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