Verallia,Courbevoie (VRLAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Viralia 2025 Third Quarter Financial 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 Natalie Delbrove, 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. Thanks for joining us and welcome to our Q3 financial results call. As usual, Nathalie and I will go through our presentation and then we'll have our Q&A session. I will share with you some key highlights of our quarter, and Nathalie will present in detail our numbers, and then I will come back on the outlook for 2025. As an introduction, just to remind 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 2024 split of our sales by segment. 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. Please note also that we are running 19 QLED recycling centers, allowing us to control about 50% of our needs for external QLEDs. Let's now move to some key highlights of our Q3. First one, the first part of the year was marked by DWGI's voluntary tender offer. This process ended mid-August and was successful. You have on this chart the new shareholding structure at the end of September. BWGIs w...