vidrala

European economy 29th February 2024

Vidrala sells Italian subsidiary to Veralia for €230m to reduce debt

Intermoney| Vidrala (Hold, PO 94) yesterday informed the National Securities Market Commission (CNMV) that it has reached an agreement with Veralia for the sale of its Italian subsidiary for €230mn (7x EBITDA) of which 100% would be cash for Vidrala, obtaining capital gains of €100mn. Vidrala Italia achieved sales of €131mn in 2023 (8% of Vidrala’s total) and EBITDA of €33mn (mgn 25%). Approval is pending from the Italian competition…

In Europe 5th December 2023

Vidrala completes first transaction outside Europe with acquisition of remaining 70.3% stake in Brazil’s Vidroporto for €384m

Intermoney: Vidrala informed the National Securities Market Commission (CNMV) yesterday afternoon that it has acquired the entire share capital of the Brazilian company Vidroporto. The amount totals €384 million, including the €53 million paid in February for 29% of the company and the debt assumed from Vidroporto. Vidroporto operates two plants in Brazil, one in the northeast and one in the southeast, reaching a market share of >20%. For this…

Companies, Relevant News Item, Spanish economy 2nd June 2023

Good news for Vidrala: Coca Cola to promote use of glass in the hospitality industry

Renta 4| Coca Cola Europacific Partners has launched an action plan to promote the use of glass in the hotel and catering industry, with the aim of giving priority to this type of packaging over aluminium or plastic cans. The plan aims to introduce glass containers in up to 10,000 establishments that use other types of packaging, in response to the study “Consumer Preferences in Hotel and Catering” carried out…

Spanish economy 10th March 2023

Vidrala to join Stoxx Europe 600 on March 20

Bankinter | On 20 March Vidrala (VID) will join the Stoxx Europe 600, according to the changes announced on March 1. The glass packaging company has a market capitalisation of €3,020m and accumulated a 22.3% revaluation in the year. 2022 results showed sales of €1,345.6m (+24.1% YoY), while EBITDA amounted to €270.4m (+1% year-on-year) and EPS 4.97% (+6.9% year-on-year). Net financial debt amounted to €167.2m and although it increased by…

Ibex 31st May 2019

Vidrala: + 1% profits against the fall of the Ibex (-8%)

José Benito de Vega | In the last twelve months, the Spanish firm Vidrala has had a better stock performance than the IBEX35, with a revaluation of 1% compared to a decrease of 8% in the index, although the stock has not been spared from moments of volatility.