Vidrala has manufacturing plants in Spain, Portugal, Italy and UK
Vidrala’s 2017 sales were up compared to last year, a result of the development of the business in line with its strategic guidelines.
Spanish container glassmaker Vidrala reported sales of EUR 822.7 million in 2017, a 5.1% increase from the previous year, with operating profit, EBITDA, was EUR 195.4 million, an increase of 14.5% over the figure reported last year.
According to Vidrala, this growth in sales was a result of the development of the business in line with its strategic guidelines as well as a positive contribution of the immediately accretive acquisition of Santos Barosa.
Vidrala acquired Portuguese glassmaker Santos Barosa in October 2017.
In its financial report for the year 2017 Vidrala stated there is a growing trend among consumers for glass as the packaging material of choice. As a consequence, the company expects earnings to grow in 2018, thanks also as well to management priorities that are focused on internal actions aimed at improving customer service, progressing in manufacturing efficiency and materialising the synergies expected from the recent acquisition.
Vidrala has manufacturing plants in Spain, Portugal, Italy and UK.