Brazil and UK glass demand boost Vidrala earnings

Spanish glassmaker Vidrala said it delivered a solid financial performance in the first half of the year with more than €830 million in revenue and an EBITDA of €225 million.

Performance was particularly strong in the UK and Brazil, while the demand in continental Europe was subdued.

Looking ahead, Vidrala anticipates an EBITDA above €450 million for the full year and is preparing for future demand recovery with a focus on improving manufacturing sites and analysing growth opportunities, particularly in Brazil.

It plans to invest €150-160 million in Capex for the year, mainly for furnace refurbishment.

02.08.2024, Vidrala

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