Increase in revenue to €1.052 billion (+40.2%, of which 34.7% organic growth)
Growth in adjusted EBITDA to €307 million
Credit rating upgraded to Investment Grade
“Verallia has very well begun 2023. The Group is on track to meet its full-year revenue growth target. The strong profitability achieved over the quarter was boosted by a positive inflation spread and quality work by the Group’s industrial teams in the Performance Action Plan deployment. In addition, Verallia successfully refinanced part of its debt on attractive terms. The Group also benefited from an upgrade to its credit rating assigned by Moody’s, thereby being promoted to Investment Grade. All this is testament to Verallia’s high-quality operating and financial profile. We anticipate an adjusted EBITDA of more than €1 billion in 2023 and pursue our decarbonisation trajectory”, commented Patrice Lucas, CEO of Verallia.
 Growth in revenue at constant scope and exchange rates excluding Argentina of +31.3% in the first quarter of 2023 compared with the first quarter of 2022.
 Adjusted EBITDA is calculated on the basis of operating profit adjusted for depreciation, amortisation and impairment, restructuring costs, acquisition and M&A costs, hyperinflationary effects, management share ownership plans, subsidiary disposal‐related effects and contingencies, plant closure costs and other items.