Verallia,Courbevoie (VRLAF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Verilya Q1 2025 Financial Results Analyst Call. My name is Trish Dey and I'll be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call where we will begin with the audio questions and move on to the web questions. For the audio participants, this can be done by pressing star 1 on your telephone keypad. I will now hand you over to your host, Mr. Patrice Luca, to begin today's conference. Thank you. Good morning, everyone, and welcome to our call for Q1 financial results. As usual, Nathalie and I will go through our presentation and we'll have the Q&A session. I will share with you some key highlights, and Nathalie will present in detail our numbers, and then I will be back for our guidance. So to start with, just to remind you that Veralia is a global leader in glass packaging. We are number one in Europe, number two in Latin America, and number three worldwide. On this chart, you have our ID card. You have on the left the two 2024 split of our sales by segment. And as you already know, one of our strong assets is our customer base, more than 10,000 customers, and the diversified and balanced end markets in which we operate. We do operate in 12 countries with 35 plants with 64 furnaces. And please note also that we are running 19 pellet recycling centers, allowing us to control about 50% of our needs for external pellets. So let's move to some key highlights of our Q1. The key highlight I want to share with you is about a new innovative initiative. A few weeks ago, we started to use hydrogen as a combustion energy source for two furnaces in Essen in Germany. This hydrogen is comin...