Verallia,Courbevoie (VRLAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Viralia 2026 Q1 Results Analyst Call. The call will be structured in two parts. First, a presentation by the Viralia Group Management Team, represented by Patrice Luca, CEO, and Christina Riesgo, CFO. Afterwards, there will be a Q&A session. During this session, you may ask questions in two ways, by submitting a written question in the box below the player or by joining the conference call and dial pound key 5 on your telephone keypad to enter the queue. I will now hand over to the management team. Please go ahead. Good morning, everyone, and thank you for joining us. Welcome to our Q1 2026 financial results call. I'm pleased to have with me today Christina Riesgo, our new CFO. As usual, we will go through our presentation, and then we have the Q&A session. And after a quick introduction, we will go directly to our numbers with Christina and I will be back with our outlook for 2026. As an introduction, just to remind you, as usual, that Zeralia 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 2025 split of our sales by segment. One of our strongest assets is our customer base and the diversified and balanced end market in which we operate. We operate in 12 countries with 35 glass plants and 67 furnaces, serving 11,000 customers and producing about 18 billion bottles and jars a year. Please note also that we are running 19 collect recycling centers, allowing us to control about 50% of our needs for external collect. Before moving to our numbers, I would like to share an update on our industrial adaptation footprint which was announced in mid-February. As a reminder, we decided to adapt and reduce...