Glass container manufacturer PJSC Verallia Ukraine (Zarya village, Rivne region), a subsidiary of French Verallia, received UAH 1.3 billion in revenue in the first nine months of this year, 12% more than in the same period in 2021, according to a quarterly report in the National Commission on Securities and Stock Market (NSCM) disclosure system.
“During the third quarter of 2022, Verallia Ukraine withstood the negative effects of active combat operations in Ukraine, the mobilization of a significant proportion of employees and the loss of a number of customers due to the destruction of production facilities, currency fluctuations and due to quick and prompt actions to reduce costs did not lose its position in the glassware market in Ukraine,” the company pointed out.
According to the report, the gross profit of the company decreased by 2.5 times – to 85.95 million UAH, and operating profit – by 26.6 times, or UAH 139 million – to 5.448 million UAH.
In the first three quarters of 2022, Verallia Ukraine posted a net loss of UAH 91 million, while the company posted a net profit of UAH 99.5 million in the same period last year.
The reason was a significant increase in “other expenses” – up to UAH 106.5 million from UAH 23 million last year.
“Verallia Ukraine” produces glass containers for alcoholic beverages and food products, the company employs about 480 people.
Verallia has 32 glass factories, three decorating plants and eight glass processing centers (glass products) in 11 countries and annually produces 16 billion glass bottles and jars for the supply to 10 thousand companies – from local family producers to the major international brands.
