“Verallia remains on track to deliver a very good 2023 despite the drop in demand observed since August due to slowing consumption and continued destocking down the value chain. Profitability remained robust over the quarter thanks to the commitment shown by all our teams and to the Performance Action Plan (PAP). We are temporarily adjusting production capacity in the fourth quarter as we prepare to begin 2024 under good industrial and economic conditions. On the back of this agility and Verallia’s excellent fundamentals, we confirm our 2023 adjusted EBITDA target of over €1.1 billion and continue to implement our decarbonisation roadmap,” noted Patrice Lucas, Chief Executive Officer of Verallia.
 Revenue growth at constant scope and exchange rates excluding Argentina was +18.6% in the first 9 months of 2023 compared with 9M 2022.
 Adjusted EBITDA is calculated based on operating profit (loss) 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.